Motherson sumi has been consolidating in a falling wedge pattern for about two months now. It showed some strength yesterday. Today it broke out of the falling wedge with a solid volume too. Do note the point from where it took support yesterday is also the price(86 ish) where the gap was created on July4-5th 2023. Stop loss -86 Target 1 - 98.5 Target 2 -...
In the Weekly Chart of MOTHERSON , we can see that, it has made a Decision making candle near support. Possible momentums are shown in chart.
Strong resistance now after a upmove. OI indicators showing good resistance and short buildup is creating on the resistance side.
on 1moth tf.. their is a good f&p// once it give a breakout mid swing will be activated
Currently Channel Breakout & Retested waiting for Up Move................BUY 93.3/94 SL 90.90 TGT 100/101/103+
Probable downtrend starts here. lets see. NSE:MOTHERSON Trade with hedge and Stop loss . Ensure bearable max loss is predefined else dont trade.
Motherson is showing strong support levels and is trading on support. So might go to stars. Trade with caution.
Mthrsn : looking bearish. > Sumitomo Wining Systems sell their stake of rupee 1600 crs. > Dead crossover on higher timeframe. > RSI left all the strength. > Volumes supported. Expected targets in near term would be 50 to 45.
MOTHERSON getting reversal sign. Near the pivot points with volume supporting change in direction.
Golden crossover + breakout buy at every dip upto 150 price.
buffer range can be set as early entry for long. best entry range in 63-50
Hello & welcome to this analysis A rank outperformer from its listing back in 1999, stock has a history of doing deeper retracements and then following it with much stronger rallies. Currently in the monthly time frame its forming a cup & handle pattern that suggests accumulation for yet another strong upside. However, in the short term it could see a dip if...
Motherson Short Term analysis for a week. Chart is bullish
Long till 120 ..it will return next month… At 85 Target given… And see 2028 , 2029 result
200EMA crossover with increasing volume, buy on each retracement golden opportunity.
Trendline Breakout in MOTHERSUMI Buy 79 Target 84 Book 5% and Exit trade I am not register SEBI register analytics