Mother son sumi has fall almost 90% from top.
The company fundamental is still strong and it wll be.
Short term impact has destroyed the price in past 2 year.
Target only for our paid members.
Keep sl below 47
Motherson Sumi has declared that 80 out of 152 plants globally are open. 30% of these are running at 80% capacity and remaining are running at 50% capacity. Permission is being sought for other plants also.
Motherson Sumi CMP: 81.70
Flag Pattern formation on hourly chart. Breakout above 82 will push the stock price to 96 level.
Price Target:
T1: 86.50, T2:...
The 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...
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...
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
