Motherson Sumi : DI+ crossed above DI- on Daily/Weekly chart
Updated
#MOTHERSUMI is strong on all technical parameter and DI+ crossed above DI- on Daily and weekly chart. Today stock crossed above 50SMA while treading below 200EMA. Aggressive short covering with High trade and Delivery Quantity is showing coming bullishness in stock. If Auto sector will perform then this stock will run together.
Showing Bullish result in Technical Parameter:
CCI is treading UP
Stoch is treading UP
PSAR indicating bullish reversal
DI+ crossed above DI- on both daily and weekly chart
RSI is treading UP
MFI is treading UP
20EMA crossed above 100EMA
Aggressive short cover
----------------------------------------------------------
Resistance : 100 & 101.50 & 105
Breakout : 98.25
LTP : 97.35
Breakdown : 96.50
Support : 94.60 & 91.45
----------------------------------------------------------
Positive & Negative Point:
1) Neutral in Daily/Weekly chart
2) Very Bearish in Monthly chart.
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Showing Bullish result in Technical Parameter:
CCI is treading UP
Stoch is treading UP
PSAR indicating bullish reversal
DI+ crossed above DI- on both daily and weekly chart
RSI is treading UP
MFI is treading UP
20EMA crossed above 100EMA
Aggressive short cover
----------------------------------------------------------
Resistance : 100 & 101.50 & 105
Breakout : 98.25
LTP : 97.35
Breakdown : 96.50
Support : 94.60 & 91.45
----------------------------------------------------------
Positive & Negative Point:
1) Neutral in Daily/Weekly chart
2) Very Bearish in Monthly chart.
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Trade closed: target reached
Hit the Target 100
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.