view based on the overall structure of market !
Dear 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...
bullish on the stock , for a considerable upside lets see !
Motherson Sumi Looking bearish on longer term with HnS breakdown. Will start buying around 240-220 The view is valid above 315.
Motherson 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.
Notes on the chart. Trade safe, be healthy. Do hit the like button. Bravetotrade :-)
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
Nice 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
NEGATIVE DIVERGENCE SEEN ON CHART SHORT ONCE STOCK BROKE 320 LEVEL WHICH IS UPWARD SLOPING SUPPORT.