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.