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
Trend line will break or not on Mothersumi ? Trade - if break ! Long - 317.80 Target 1 - 328.00 Target 2 - 336.00 Stop loss - 307
Ascending Triangle pattern on Mothersumi and it will break on upside. Trade: Buy above - 329 Target - 340 Stop loss - 320
One can clearly observe: nice rotation of price inside a channel; the wedge formation; and the price bouncing from a support line (red dashed line). Currently the stock has retraced back to an important confluence point at 214-215 zone. On short side, a break below the confluence zone can take the price to 310.50 and 307.50 levels. Stops would be above 320. On...
The stock is forming an upward channel. Look for subsequent opportunities and trade. Sharing if it helps.
It is been observed on the hourly chart that the price action breaks above the symmetrical triangle indicating a further move up. Target: 336 Target: 340 Stoploss: 328
It is been observed on Hourly chart that the price action breaks from the symmetrical triangle formation and came down and retrace back to the previous support which now acting as resistance. Now, it shall further move down. Target1: 309 Target 2: 302 Stoploss: 321
Mothersumi may fall again towards it support of 311 level. it is 50% fibonaci it may close near it.