MOTHERSONSUMIDISCLAIMER: THESE ARE MY PERSONAL VIEWS AND ARE ONLY FOR EDUCATIONAL PURPOSE.
IF YOU HAVE ANY DIFFRENT VIEW LET ME KNOW.
Mothersonsumi
Motherson sumiStock is hovering near multiple support
Fibonacci .618 @ 157
Previous top support zone @ 150-160
5 year trend-line support.
Price Action: December candle was bullish candle, and did not make a new lower low.
RSI is also turning flat.
BOSCH looks strong levels mentioned in charts !!
i see stock at 21k +++
condition is it should hold supports of 19500 !! as long as its above 19500
bearish below 19500 zones
MOTHERSUMI (MOTHERSON SUMI SYS) #SELL BELOW 153.5TRADE FOR (10th DECEMBER, 2018)
MOTHERSUMI (MOTHERSON SUMI SYS) #SELL BELOW 153.5
Motherson Sumi - Chart set up looking bearishMotherson Sumi
CMP 153
Currently the stock is trading in a channel.
- On the upside 158-163 may act as potential resistance zone
- Below 146 stock chart may indicate further weakness
One may look to sell the stock either on rise towards 160 or once it breaks below 146 for target of 133 / 122
Take care & safe trading...!!!
MOTHERSONSUMI - LONGMothersonsumi at a very strong support zone. Longterm Investors can slowly start accumulating this scrip.
Possible Breakout of Pole and Flag patternDear friends,
The stock had a good positive rally since 186lvl (11/2016) till 390lvl (08/2018) forming the pole of the pattern.
Since reaching the high of 390lvl it has corrected and has found support on near 280lvl (Fibonacci 50%). It has broken & closed above the Fibonacci 38.20%lvl giving a confirmation of the trend continuation.
We can enter in range of 312-288lvl with SL of 275lvl. T1 - 351, T2 - 375lvl.
Motherson Sumi looking bearish on longer termMotherson Sumi Looking bearish on longer term with HnS breakdown.
Will start buying around 240-220
The view is valid above 315.
Motherson Sumi weak Q3 posts. Can go short on stock on up moveMotherson sumi NSE:MOTHERSUMI -4.49% has posted very weak q3. Any up move can be utilized for creating short. Can go short around 347-348 with Sl 354 . Stock should come down to 339-335.
Do You Trade The Confluence ?Notes on the chart.
Trade safe, be healthy.
Do hit the like button.
Bravetotrade :-)
Sumi - On resistance BSE:MOTHERSUMI has taken resistance at its upper resistance trend line.
Stock should take correction from here
CMP - 355
Short below 352
Target - 347 / 327
Motherson Sumi: Buying OpportunityNice breakout with strong momentum on RSI and above average volume.
Currently near resistance zone 327-329.
Lets see if it gives a buying opportunity on pullback or else the price action above the resistance will decide the entry. Targets are mentioned.
Hit like if this information is useful.
Trade safe
Regards
Bravetotrade
