MOTHERSUMI
IT IS GOOD FOR INVESTORS AS THE COMPANY FUNDAMENTALS ARE ON AVERAGE SIDE AND THE SHARE PRICE ARE FAVORABLE AT THIS PRICE
THIS IS BEST FOR LONG TERM INVESTMENT
Short on retracement close to resisitance.Only take the position if gets an retracement to the resistance area. Confirm whether it is getting rejected from the resistance then enter
MOTHERSUN SUMI is creating a head and shoulder pattern, SELL?Please let me know the position so that I can guide you better.
mother sun summi short for tommorowa short trade can be planned for tommorow please make sure trade as per your risk and money managment
short at 145.40
sl -146.15
target - 143.85
expected before 9;45 am
risk to reward - 1;2
#mothersum channel & flag breakout @in_tradingviewNSE:MOTHERSUMI
long term channel & flag breakout
buy near 130 128
sl 120
T 138 146 155
Motherson Sumi Trading IdeaA clear divergence and a good down fractal which is also corresponding to our AO three consecutive signal.
ht tps://youtu. be/ uu7o65rmfX4
Mothersumi Bearish PatternSell @136-137.5 stop loss above 140.5 for a target of 50% retracement of the previous swing.
Analysis with an Executable Trade Idea ( Ellioticians Beware)Often Misunderstood concept of Elliot Waves is its usage as a be all and end of technical analysis.
Simply put Elliot is not a predictive tool but is the "THEORY" of way the market moves, hence relying on it solely to predict future movement is problematic and the counts change all the time and in "RETROSPECT"
Am sure those fanboys may not agree with me but all i care is making money and what works for me/others.
Ironically most hedgefunds/mutualfunds/inv mgmt firms dont give much credence to elliot waves, it is more of the 'retail crowd' who go ga ga about it.....and guess who gets a raw deal in the mkts--the 'retail crowd'.
Ok Enough of EW Bashing..chuckle..especially coming from me who once believed EW as the Holy Gospel...Lol.
Coming to the Executable Plan :-
I am looking for a buying opportunity in the Green Zone and a retest of the 200 Ema. as there is enough momentum in the stock and buying pressure to take there.
Hare Krishna !
Good Luck
MOTHERSON SUMI (Motherson Sumi Systems Limited) BUY ABOVE 108MOTHERSON SUMI (Motherson Sumi Systems Limited) BUY ABOVE 108
Sold MothSumi @ 97 Targeting 93 (CONTINUATION)Haribol.
The Stock has been onward downward spiral for some time.
Looking to target Prev lows.
Most Ideas for the stock were buy signals so it made sense to be counter retail.
Good Luck
Mothersumi - Next Stop at 100 The price action is trending down indicating further weakness, which will take the price action further down to 110 and 100 levels, SL 125
MOTHERSUMI - TRADING BOUNCE ..?FIND YOUR TRADE .....
SUPPORT 118.50-115.00 RANGE
UPSIDE 130-139 MAXIMUM POSSIBLITY
