" NSE:MOTHERSON Motherson is currently showing a robust support level at ₹ 95. If the stock manages to break above this trendline-level within a short period, it could potentially experience a significant upward momentum, with a possible target around ₹ 103." This statement emphasizes the current support level at ₹ 95 and the potential price target at ₹ 103 if...
NSE:MOTHERSON is already retraced more than 70% as per Fibonacci. Now price is sustained above major resistance of 65.60. It will be best to take entry while price retest level of 65.60 and hold till target of 88.60. A low risk and high reward opportunity. My stop loss will only 60 (5.60 Points) Note: This is my personal analysis, only for learning. Thanks.
My view as per chart pattern on mothersumi keep eye on chart if break up then long as draw in green if break down then short as draw in red
Mothersumi is running in Ascending channel since 2 months . Now , took support at lower band. expect to reach the resistance upper band soon.
Good buying opportunity above 249 level. Tested the consolidation support and broke the resistance also.
Mothersumi Next Target 224.4 till 10th April 2021 follow trend. This study contains more then 5 technical indicators and historical analysis ( But not shown ). Always trade with previous day gain/loss stop loss in this stock.
NSE:MOTHERSUMI gave a flag breakout but however into a turbulent zone. So aggressive longs are not advised.