Mothersumi beautiful chartMothersonsumi is again trading inside the channel.
Look for breakout or doji at the resistance and go for the trade
Mothersonsumi
The stock fell below a very critical support on intraday basisThe stock fell below a very critical support on intraday basis, probably it was an attempt to shake off weak holder or buyer in it. A rebound was see with a formation of a bullish hammer candlestick pattern. RSI is into oversold bullish zone while MACD has faltered below zero line. In the coming sessions if lows of 115 is kept then we may see prices advancing to 126, 132 & 141 levels.
MOTHERSUN SUMI is creating a head and shoulder pattern, SELL?Please let me know the position so that I can guide you better.
#mothersum channel & flag breakout @in_tradingviewNSE:MOTHERSUMI
long term channel & flag breakout
buy near 130 128
sl 120
T 138 146 155
Motherson Sumi Trading IdeaA clear divergence and a good down fractal which is also corresponding to our AO three consecutive signal.
ht tps://youtu. be/ uu7o65rmfX4
#Motherson Sumi ViewMotherson sumi near resistance level... if broken & sustained above more upside possible or else downtrend may resume
MOTHERSUMI (Motherson Sumi Systems Limited) SELL BELOW 107MOTHERSUMI (Motherson Sumi Systems Limited) SELL BELOW 107
Analysis with an Executable Trade Idea ( Ellioticians Beware)Often Misunderstood concept of Elliot Waves is its usage as a be all and end of technical analysis.
Simply put Elliot is not a predictive tool but is the "THEORY" of way the market moves, hence relying on it solely to predict future movement is problematic and the counts change all the time and in "RETROSPECT"
Am sure those fanboys may not agree with me but all i care is making money and what works for me/others.
Ironically most hedgefunds/mutualfunds/inv mgmt firms dont give much credence to elliot waves, it is more of the 'retail crowd' who go ga ga about it.....and guess who gets a raw deal in the mkts--the 'retail crowd'.
Ok Enough of EW Bashing..chuckle..especially coming from me who once believed EW as the Holy Gospel...Lol.
Coming to the Executable Plan :-
I am looking for a buying opportunity in the Green Zone and a retest of the 200 Ema. as there is enough momentum in the stock and buying pressure to take there.
Hare Krishna !
Good Luck
Sold MothSumi @ 97 Targeting 93 (CONTINUATION)Haribol.
The Stock has been onward downward spiral for some time.
Looking to target Prev lows.
Most Ideas for the stock were buy signals so it made sense to be counter retail.
Good Luck
MOTHERSON SUMI (Motherson Sumi Systems Limited) SELL BELOW 97MOTHERSON SUMI (Motherson Sumi Systems Limited) SELL BELOW 97
Looks Positive "Educational Purpose"Looks Positive "Educational Purpose"
May it may 2%-3% on 25 June 2019 NSE:MOTHERSUMI
Avoid taking Position at Motherson SumiWeekly charts are showing Head & Shoulder pattern confirmation.
Avoid to BUY till it crosses Rs.165 on weekly closing level.
Motherson Sumi ChannelBeen waiting for motherson sumi to break out of the channel but unfortunately doesn't seem likely. Stock may continue it's downward journey.
MotherSon Sumi - TA- Above 150 SL 140 TGT 160-170NSE:MOTHERSUMI
MotherSon Sumi - TA- Above 150 SL 140 TGT 160-170
10%+++ returns on card
SHORT TERM || MOTHERSONSUMI || BUY ON DIPSOne may buy Motherson Sumi on dips with targets of 152.5/156.8 with SL placed at 138.9. Adjust volumes as per entry price.
MOTHERSON SUMI SYS Trades using Blue Sky Plus Indicator. MessagMOTHERSON SUMI SYS Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.
