Price is in down-trend in 1D time frame. Buyers got trapped in discount zone after forming a liquidity pool. (Inverse head & shoulder pattern retail traders got trapped )
If Nifty is bearish then there are high chances that MOTHERSON will also continue its down-trend.
Follow for more such simple setups based on Trend, Liquidity Grab and Current market direction. Happy Trading!
If Nifty is bearish then there are high chances that MOTHERSON will also continue its down-trend.
Follow for more such simple setups based on Trend, Liquidity Grab and Current market direction. Happy Trading!
Trade closed: target reached
1:5 RR Target reached.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.