MOTHERSON Bigger TFNSE:MOTHERSON is in Correction wave ABC but in smaller TF its moving up and can retrace till the channel.
MOTHERSON trade ideas
MOTHERSON can go long but... need to be cautious.As per the above chart NSE:MOTHERSON is bullish has given a breakout and can go till the upper line of the channel, If it breaks the channel there is possibility of further upside. But till now it looks like its going in Correction wave ABC. Where wave C can go till Ext fibo ratio of 1.272 or 1.618 . Safe to book near 1.272, Considering the bigger timeframe Motherson looks bearish and can further go down in wave 4. also I will update the daily/weekly TF chart.
MOTHERSON | Momentum looks good for a reversalMOTHERSON | Momentum looks good for a reversal - Consider holding for full target with little patience this year.
CMP : 126
SL : 110
Target : 180, 200
Almost 1:4 risk reward setup
MOTHERSONBSE:MOTHERSON
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Motherson | MothersonSumiMotherson | MothersonSumi
#Motherson #MothersonSumi #trading #fallingwedgepattern
CMP 119.55
Might be getting ready for a breakout from a falling wedge pattern.
Volumes are increasing as well.
support level NSE:MOTHERSON
crucial support level, go long on strong positive sign on support level.
Already price on demand zone.
Thanks...
At support NSE:MOTHERSON
Keep track of buying opportunities weekly at a good support level.
A higher time frame always wins, Note it!!!
MOTHERSUMI Bullish Trend AnalysisMOTHERSUMI:
Up trend cheenel formation price movemtum
the minor trend breakout after u can expect 3 level Target
Trade is open for 1 more dayYou can set the target for 70 and get out of the trade and if it breaks the resistance of 70 and rise upto 80 then you can set the target of 90.
Motherson Sumi looking bearish on longer termMotherson Sumi Looking bearish on longer term with HnS breakdown.
Will start buying around 240-220
The view is valid above 315.
Motherson SumiMotherson is getting ready for the fifth wave . might touch 475 -500 on the way. Auto number encouraging. monday might just provide a entry below 300 . stockdada.com
Motherson sumi system channel tradingthe levels are mentioned on the chart. MSSL has been following this parallel channel for a while now. the stock is in a long term bullish trend which makes this trade worth taking.
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
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
