MOTOGEN- 8 ka funda near 200MOTOGEN- 8 ka funda near 200
1) Near 200 Ema
2) Trying to breakout
3) Respecting Supprt
MOTOGENFIN trade ideas
MOTOR AND GEN FINANCE14 Years of consolidation breakout
Can go long
consolidation period was of 90%.
only for educational purpose.
Motogenfin: Channel BreakoutChannel Breakout & Likely going to reverse.
Trying to catch falling knife
NSE:MOTOGENFIN
Wait for the Breakout Motogen can show a positive break-out time to wait and watch and take a move accordingly.
MOTOGENFIN bullish for short term investment.NSE:MOTOGENFIN
MOTOGENFIN (The Motor And General Finance Limited) looks bullish for short term investment of min 3-6 months holding period.
From last 3-4 weeks MOTOGENFIN showing indication that bulls are gearing up after supply dried out. If you can see last week’s candles closing point are also at good place which indicates that there is no efforts by bears to stop the up for now.
One can prefer to get positions in this counter if we see closing above 23.5 at least on daily chart. As far as stop loss is concern I personally prefer to go with ATR stop.
MOTOGENFINStock looking too good on chart and now finally stock at breakout with volume. Stock can rise 125% in year so keep eyes on stock with given levels in chart!
