Motherson Sumi - Reversal from channel bottom🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Mothersumilong
Can you capture 10% in MOTHERSUMI - Swing tradeFor more Ideas go to the bottom of this post -->
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-> Logic: On supportive trendline, a break of 245 levels can give 10% on upside, Only on D close candle that too bullish
✺IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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MOTHERSUMI : RR 1:5MOTHERSUMI
Shared on 4th April @ 210...CMP 244.
> Already broken resistance
> Resistance become Support
> Retest support line
> Buyer is strong compare to seller.
> Risk Reward is favorable.
> RR : 1:5
> Levels are on Charts
Dtd : 26th May TheCharts
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Motherson ready to BO recent highMotherson BO recent high
moving to life time
canbuy at 239 - 238
SL 232
T 248,255,263+
Mothersumi breaks out once againPrice once again breaks out from the pattern and if closes above 120 levels then it should be a good positional buy level.
One would have followed this chart for couple of months and technicals will surely end up with good returns.
Mother sumi long potential buying pressure can reach 120since the institution are buy biased we can expect the movement of 120