MotiSons Jewellers - A Bubble BurstMotiSons Jewellers has a bad jockey i.e. the promoters have a history of bad reputation & finally the bubble has burst now a days pump & dump & stock split is common modus of operandi to trap innocent investors.
Wave analysis & Volume profile suggest operator has dumped all stock in range of 27-31 now retailers will keep averaging till 12-9 range.
MOTISONS
MOTISONS - Symmetrical triangle - Breakout - DailyMOTISONS - Symmetrical triangle - Breakout - Daily
Name - MOTISONS
Pattern - Symmetrical triangle Breakout
Timeframe - Daily
Volume - Very good volume
Cmp - 219
Target - 283
SL - 195 and 167
Always welcome for any comments with your feedback or give it a like if you find it useful.