One can keep watch on Motherson Sumi to create long or short position. Motherson Sumi currently trading in downtrend slopping channel and near to its demand zone. Long term demand zone was 278; however, that support level has already breached. Now short term demand zone is 274-275; hence, a buy position can be made after seeing the market sentiments, of course not so favorable for bull. Below are the levels you can take in consideration before making any position in MOTHERSON SUMI.
Buy Side Stats: CMP: 275.50 Make a long position above 275 with the SL of 273
Short Side Stats: CMP: 275.50 Make a short position below 273 with SL 275
Keep your own targets and book profit accordingly. My only motive is to keep shortest SL all the time every time. Happy Trading!!
Trade closed: target reached
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Intraday Target reached. Happy Trading
Trade closed: target reached
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Closed the call at 261.25
Trade closed: target reached
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Made a low of 250 and closed around 254. Happy Trading!!!!