Kesari-Bath

MOTHERSUMI: Parallel channel trade for target of 250

Long
Kesari-Bath Updated   
NSE:MOTHERSUMI   None
MOTHERSUMI is moving in a parallel channel. The impending cross-over of 20 EMA above 50 EMA, and price closing continuously above 50 EMA in the last few sessions indicate bullishness. I would look at 242 and 250 as short term targets, with a close below the green support line as stop-loss.
Trade active:
First target achieved.
Trade closed: target reached:
Second target achieved.
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