Mothersumi has taken support from the resistance turned support at 235 and the uptrend line to form a pole and flag pattern. Watch out for a break above the upper edge of the flag and the 52 week high for a target of fibonacci pivot.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
Comment:
breakout was due to earnings but today profit booking was seen. Still the closing is at exactly our level lets see if it retests.