How to trade double bottom, These are my rules 1) Draw a HORIZONTAL BLUE LINE on the key support area on daily chart which has been tested at-least 3 times in the past 2) You have to make sure rsi is @ 30 or below 30 indicating over sold market on daily chart 3) Candle stick pattern in four hour chart- either a bullish hammer (inverted hammer) or a...
Weekly charts are showing Head & Shoulder pattern confirmation. Avoid to BUY till it crosses Rs.165 on weekly closing level.
positional short sell trade maruti looks weak for atleast next 5/7 trading days .
Motherson - Short to 128. Short built-up Educational only. Details on Chart
Been waiting for motherson sumi to break out of the channel but unfortunately doesn't seem likely. Stock may continue it's downward journey.
short motharson sumi @ 150 stop loss @ 154.50 target @ 140.50 for one week prospective.
NSE:MOTHERSUMI MotherSon Sumi - TA- Above 150 SL 140 TGT 160-170 10%+++ returns on card
Auto Industry, depicting robust fractals (part 1) Not long ago, auto industry and its ancillary companies were hitting all-time highs. But lately the mood has been somber. Motherson Sumi is down 40% from its 13 month high (or rather all time highs), whereas Maruti is down more than 25%. So is it the right time to buy? What caused such change in fortunes? Can...
MOTHERSUMI (Motherson Sumi Systems Limited) SELL BELOW 161.4
Stock 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.
TRADE FOR (10th DECEMBER, 2018) MOTHERSUMI (MOTHERSON SUMI SYS) #SELL BELOW 153.5
It's a Buy for short & long term here is why!
Mothersumi can be long around 240-245 for safe traders with SL below 235. Target seems too good as per chart.
304 TO 307 IS MAJOR RESISTANCE FOR MOTHERSUMI IF CLOSE ABOVE 307 WITH GOOD VOLUME WE CAN SEE GOOD RUN UP BUT ANY PRICE REJECTION AT LEVEL 304 -306 WE CAN SEE SHARP DECLINE UPTO 250 ALSO POSSIBLE
Watching the 260/270 Zone for price action. Downtrend should slowdown. Bullish Candle will confirm the reversal. Till that Fingers crossed.
Today's closing will decide further moves.