MOTHERSON is a strong buy for long and short term both. buy @ 70-72 range for safe profit
stock is heading up to 136 level, which is the confluence of UM of white PF, central median of yellow channel and 61.8% fib.retracement
In the daily chart happened to see a cup and handle Expecting a target of atleast 84 in near future Pleas share your thoughts if im missing majorly anything here This is my first post of an idea and just to be from educational viewpoint Please feel free to correct if im wrong abt this in the comments🙂
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.
Stock is at the confluence of strong S<>R and the central median of two pitchforks!.Good level to accumulate the stock
MOtherson structure is weaker expecting 95-97 levels a good support
reaching one year low if it 80-70 i.e breach 103 with in couple of days.
MOTHERSON SUMI has gone down and is now in correction for its down swing, there are possibilities for it to go upwards a little bit. Now it is in channel pattern, if it breaks upward, then we can buy it. The targets ranges from Target-1 to Target-3. Trail your stop loss.
Motherson CMP 128 Awaiting triangle breakout target 140/150 Swing trading strategy
At POC support and pre covid level. Best time to accumulate for long. More info on chart. I bought some quantity.
Motherson good movement today and closed above last swing high and a down trendline breakout on daily chart any one can go long stop-loss 109 daily closing basis.
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BSE:MOTHERSUMI Has broken out past few weeks, still bullish. can see highs of 175- 200. but it looks like will be consolidating around 160 for a while and then move up two days ago there was a Doji and then uptrend yesterday. Expect to pull back to around 154 and consolidate a bit