Swing tradeBuy at current candle with SL is any candle close below current candle, upside potential nearly 15-20%within a month, this recommendation is only for educational
MSUMI trade ideas
MSUMI - Motherson Sumi WiringBreakout on daily charts today. However, there is immediate next resistance at 94 - 96 levels as well. Can add on a close above this range.
Cup & Handle Breakout - Don't MissPremium Chart Structure means there is base on base Pattern. This is visible in the chart that there is Flat Base formation on Cup & Handle Base. This Pattern has the potential to generate 30-50% return within 4-6 months Time.
Very good fundamentals. Technically also looking very strong
MSUMI | Simple flag breakout - Looks good to capture 20-30%MSUMI | Simple flag breakout - Looks good to capture 20-30%
CMP : 83 (Dip : 80)
SL : 86
Target : Based on pole length, can expect 20-30% in short term (or) Minimum hold until 1:3 risk reward
MSUMI - IPO Base breakoutMSUMI - IPO Base breakout
It can be watched if holding a higher level can give an upside of 15-20%
MOTHERSON SUMI WRNG IND L, looks strong on chartThis lately diversified Motherson company is ready to give a bullish move in coming week up to a level of 85.45. Daily chart has already given breakout from its resistance area, further zooming-in in hourly timeframe, shows breakout from cup & handle pattern with a gap-up. With auto sector looking bullish, it only further confirms the strength of up-move.
watch for ath breakoutbuy above 76 in intraday and swing
for swing keep sl below 70
This stock is not very liquid for intraday trades so keep sl little big and buy less quantity for Intraday.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
MSUMI | Small range breakout - Looks good for 15%MSUMI | Small range breakout - Looks good for 15%
CMP : 64
SL : 61
Target : 73
1:3+ risk reward setup
support level NSE:MSUMI
On a daily time frame take support level and keep on track for buying opportunities.
Ready for BreakoutAll details are mentioned on the chart. It is getting ready for breakout.
Trade at your own risk.
MOTHERSON SUMI WIRING INDIA LIMITED ( EDUCATIONAL PURPOSE ONLY)
There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY)
MOTHERSON SUMI WIRING INDIA LIMITED with target of RS 75 CMP IS RS 69.55.
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR AT RS 65.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
Student of Share Market since 2015
B.Sc. (MATHS & PHYSICS)
Disclaimer: I AM NOT SEBI REGISTERED
Expecting Breakout ✌✌✌This scrip is expected to give resistance breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
