Mothersunsumilong
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.
MOTHERSON SUMI SYSTEMS LTD ALL READY FOR BIG JOURNEY motherson sumi can go for 250 plus in short term.. respecting channel one cad add small quantity here and then at bottom of channel around 190 if its comes.. long way to go..
