This 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.
buy 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:...
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...
