Tradernawab

mothersun sumi, long

Long
NSE:MOTHERSUMI   None
tecnical- dont afraid from plenty of lines, these are like seat belt (for your safety ) . Stock is showing positive divergence on weekly chart( rsi cannel up , price down -shown by pink line). CMP is120.15,from here price can go up to 149, however it will face a pink line resistance at 124 ,due positive rend , stock should be able to clear this resistance , once above this , stock will go 149, from there two scenario is possible, 1st is that price will break 150 level and will go for 178 or 2nd scenario ,it will take downtrend from 149. so come out a 149 and take again entry if gives a close above 150

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