Ascending channel formation on short term and made LL-LH and HL-1 Short term target - 120
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
While we have been adding positions in Motherson Sumi first from 70 levels and again when it moved above a Triangle formation, there is a strong case for a fresh long. Friday saw some profit taking at higher levels leading to a long upper wick but the trend seems to be intact. A good buy set up can take the stock to 116 with a stop at 87. Go long for a positional trade
Long Auto Sector: A month-long consolidation breaks.
All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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...
Please let me know the position so that I can guide you better.
NSE:MOTHERSUMI long term channel & flag breakout buy near 130 128 sl 120 T 138 146 155
A clear divergence and a good down fractal which is also corresponding to our AO three consecutive signal. ht tps://youtu. be/ uu7o65rmfX4
Motherson sumi near resistance level... if broken & sustained above more upside possible or else downtrend may resume
MOTHERSUMI (Motherson Sumi Systems Limited) SELL BELOW 107
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