motherson sumiMotherson sumi: on 7th april posted technical chart of motherson sumi kindly refer
accordingly, it has retested the breakout of channel and gives its target. after that it formed HNS pattern at top and goes in retracement mode.
presently it formed W pattern with following features:
1. up-wedge breakout with volume.
2. Neckline breakout with volume.
3. strong candle close on daily chart can show new 52 week high with sl of 222 on daily closing basis in 90 days. will track for nxt 3 months n will grab FNO opportunities which gives good RR. will update if taken any fno trade.
MOTHERSUMI
Motherson sumi looking good for a swingWill be going up retest at 228 range and bounce back to 245 range
mothersumi stock analysismothersumi stock analysis , formed rising wedge pattern but maximum bullish so buy at support and sell at resistance , this videos for educational purpose only
Motherson Sumi - BullishTrend Line Breakout
Making HH - HLs
Taking support of Major MAs
Good till it holds 224
Breakout level after 8 monthsOn the verge of breakout after 8 months , keep Stop loss of 230 and ride the trend after breakout
Late night Technical analysis talk We analyze potential stocks on daily basis for education purposes only here on LNA
Mothersumi LongBearish Trendline break and then showing support near/on the trendline with a long tail so bullish on the stock.
Entry if it crosses 225
SL at 218.5
Target 248
R:R = 1:3.5
Channel Breakout - MothersumiChannel breakout in Mothersumi. Looks good at cmp for swing trade SL : 218
Trend Reversal and 200SMA Support in Motherson SumiMOTHERSON SUMI taking Support from 200SMA and strong Support zone.
Can Buy around 210-220 for targets of 236/245/256/272
SL-196 CLBS
Mothersumi Buy callMothersumi broke the triangle pattern and gone short last week and now it has made a good reversal from the support and is bouncing back. So we can expect a high in coming days.
Note: The suggestion is only for Education purpose.
May give breakout soonNeutral for now. Waiting for trend confirmation.
It is in consolidating for more than 2 months.
The previous resistance one is acting as a strong support zone now and stock has
bounced back from it for multiple times.
MFI is at 25.
Now it is also at a short term trend line and may move upward from here if Nifty is bullish.
Nifty support is important for coming days.
Otherwise we may see breakdown if Nifty is bearish.
This post is for information purpose only.
Simple Trade Setup |Motherson Sumi | 13-08-2021NSE: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 levels. Also on Daily time frame it is trading in Descending Channel. Breaking of any side will give move.
Please refer below chart for Daily Time Frame.
For Positional Long Trade one can take the position if it breakout 230 level. A daily candle closed above 230 level will be good confirmation for entry.
Target will be 240-245.
For Positional Short Trade one can only take short position if it breakdown the channel.
Target will be 210-205.
On 15min chart, levels and target are mentioned for trade setup for tomorrow intraday, 13-08-2021.
Hope Chart and levels are easy to understand.
All the levels will work as support, resistance, entry & target w.r.t price action near that level tomorrow.
Don't jump in early market noise. Wait for 15-20 minutes and then judge the price action.
Do comment your doubt or suggestion.
All the best for tomorrow.
MOTHERSON SUMI | POSITIONAL TRADE | STILL THE SAME SETUP 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.
Technical analysis talk - SBIN, NMDC and MOTHERSUMINMDC: good risk-reward and on good supports and good breakout small one a big movement pending keep an eye
SBIN: might not give direct movement but still a good breakout as per the structure
MotherSUMI: Good structure keep an eye big rewards can be claimed :)
MOTHERSUMI | POSITIONAL TRADE SETUP , LEVELS & TARGET 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.
Buy motherson sumimotherson sumi is forming descnding trianglr on daily tf can give BO if closes positive tomorrow. one can go with this for quick returns
Motherson Sumi - Long IdeasClear Price Action in Play
Narrowing consolidation will again give a breakout soon
Be prepared
