Motherson sumi has been consolidating in a triangle pattern from the month of April and is respecting the trend line on daily time frame.
It is trading around its 20 DMA. The volume indicator is showing decrease in volumes.
On weekly analysis, the stock is taking a resistance from its 200 ema and both the moving averages are close enough.
If the stock breaks...
share name : mother sumu system
call type : poistional
- high of 2017 (263 rs) is acting as a huge res.
- cup and handle pattern
- a doji can been seen on top
- exhaustion gap on top
- ab=cd forming
if price comes, we can initate a buying at
price - 170 rs with sl of sl 150
approchable target 450
NSE:MOTHERSUMI
On Daily Time frame it has broken 100DMA and and still trading below 100DMA since last 2 days.
It has trapped most of retail traders with their own sentiment that it will shoot up like a rocket on Result day like it did in previous result day.
But going in Market with sentiment is always risky.
Right now it is in Critical Zone between 220-226...
NSE:MOTHERSUMI
Chart is self explanatory about positional trade setup on buy side only.
Target and levels are given on chart.
If you have any doubt or suggestion, do comment.
My personal view is bullish on MOTHERSUMI.
NSE:MOTHERSUMI
Chart is self explanatory about positional trade setup on buy side only.
Target and levels are given on chart.
If you have any doubt or suggestion, do comment.
LNA stand for Late night analysis
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick...
NSE:MOTHERSUMI
This is for Positional Trade
Mothersumi is forming double bottom pattern same like it did before.
I have marked the formation of double bottom pattern and also the previous formation of it.
You can take position once the neckline will get tested for support. And then it will be easy target of 35-40 points up move in just couple of days....
intraday idea and its gonna be bullish . buy above the mentioned price only if it closes above it. stoploss can be placed below trendline. if you like the analysis like,share.
Don't sell Mother son on this dip, big breakout will happen NeXT day.
Just fooling here to sell, very bullish on daily chart, about to breakout upward in a day or two
Mothersumi perfect buy on 210.5-211 and sell on 236 ( this stock have strong resistance on 236-238) so better to remain in till 236.
After ideas will be publish later.
