Sumi - On resistance BSE:MOTHERSUMI has taken resistance at its upper resistance trend line.
Stock should take correction from here
CMP - 355
Short below 352
Target - 347 / 327
MOTHERSON trade ideas
MOTHERSUMI TRIANGLE BREAKOUTIt is been observed on the hourly chart that the price action breaks above the symmetrical triangle indicating a further move up.
Target: 336
Target: 340
Stoploss: 328
Mothersumi Bearish SetupIt is been observed on Hourly chart that the price action breaks from the symmetrical triangle formation and came down and retrace back to the previous support which now acting as resistance. Now, it shall further move down.
Target1: 309
Target 2: 302
Stoploss: 321
