Mothersum Bullish BiasBeautiful structure
Volume contractions with lower selling pressure
Its a clear Buy on breakout levels
SL 206
Target 12-15% from these levels
MOTHERSUMI
BUY MOTHERSUMIBuy Mothersumi
Buy Above 220
For More Details
See The Below Idea.
I Have Shared The Idea Earlier Also.
Triggered Today.
MOTHERSUMI TRADING SCENARIOS FOR UPCOMING WEEK WITH RISK-REWARDMOTHERSUMI TRADING SCENARIOS FOR UPCOMING WEEK WITH RISK-REWARD
Please watch through the end.DO NOT skip any part of the video or fast forward as you may miss important discussion point on the levels and entry exit triggers.
This is my view and is should not to be construed as BUY or SELL recommendation. Please use your discretion before taking any position in the stock markets
REMEMBER - Random ACTIONS always RESULT in Random OUTCOMES
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BuyBuy in dip at 209 or buy abv 215 sl 195 target 1 -250 , target 2- 270
Price took support at LML of PF. RSI abv 63 is giving strength to upmove. RS is strong. Volume in recent bounce is good.
Disc : it's not an investment advice to buy or sell
Motherson Sumi- Will it shine again?Metals are currently one of the strongest sectors right now so good to have in watchlist. All levels mentioned in chart.
MOTHERSUMINote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Mothersonsumi longon month of feb motherson given breakout of rising channel/wedge that breakout retested in this correction earlier gap filled presently given neckline breakout means short term trend reversal so technical says it ready for new high with support of 205 on closing basis. t1-224/230/235
There is a possibility for one more move down in Motherson Sumi NSE:MOTHERSUMI
The Box in Chart represents possible areas of rejection.
The Stock is Bullish in Long Term but right now it is going through Correction(Simple if not Complex correction).
There seems to be a trendline breakout but I am not sure if the breakout is bullish enough to start a new Impulse.
Overall: I am holding the stock because its a stunner for Investment and
the analysis on the profile are merely my observations and in no way trading suggestions.
Dont sell Motherson on this dip,big breakout will happen nextdayDon'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 236Mothersumi 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.
sell mothersumiSell mothersumi below 211 for the target price of 195. This is the no trading zone & stock expected to touch this well .High probability trade .SL can be set at 225.RSI also showing negative divergence.
MOTHERSUM | Bullish Flag FormationAs we can see in the daily chart, the price saw an uproar from 160 to 227 levels as an impulse move and started consolidating in a range. Hence, forming a bullish flag pattern in the process. It has taken a support at 211 levels, this can be confirmed by the presence of a Hammer candlestick. If it sustains above this level, you can go long on it for a target of 238 and a further target of 250. Happy Trading!
MOTHERSUMI has broken 2 years resistanceI will look at buying MOTHERSUMI because :
It is at the resistance and that resistance after 2 years
High probability trade .
Entry : 185/190
Target : 214/236/260
Stop loss : 157
Mothersumi: Monthly resistance breakout Mothersumi has posted a robust 4 fold result and broke the monthly resistance line with a good amount of volume.
This will take it to further levels of 260.
All levels are mentioned on the chart.
DISC: Please consult your financial advisor before making any bet. This is for educational purposes only.
motherson sumiA doji can be seen on weekly chart of motherson sumi, indicating possible trend reversal
#MothersonSumi BreakoutMothersonSumi gave a good breakout after consolidating for a while with good volume.
Risk reward favourable.
Buy @180 target 200,220 stoploss below 170...
1:4 risk reward.
