Mothersumi is very strong on weekly charts. It is trading above strong resistance zone. It has to sustain and close above Red trendline this weekly close. Price may retest red trendline.
Trade Idea -
Bullish Trade - Above Red trendline weekly closing.
Stop Loss - Weekly closing below Red trendline.
Thanks for watching.
All the best.
- Do check the performance of all the earlier published ideas.
Trade closed: stop reached:
Stop reached below redline.