Mothersonsumilong
Samvardhana Motherson International Ltd now bullishSamvardhana Motherson International Ltd now bullish
Motherson has hit a breakout of the "bullish pennant"
And has also retested
first target was 86.5 approx 9% return
if cross 86.5 then we enter to choppy zone
(86 to 90)
if cross 90 then second target was 97 approx 22% return
keep your stoploss at 75 to 76
If we keep going up, your stoploss should also keep trailing along
MOTHERSON Best Positional up side viewNSE: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.
Motherson sumThis share currently trade @ Triangle if break out above swing move up to 147 Long target 200 +
MOTHERSON SUMI : CMP 253 Stock Completing Correction on daily time and Also From WEEKLY timeframe....stock Expected to touch 400 in next one year and 800+ in next 3 to 5 years
Wait for The breakout and Enter into the TradeWait for the trendline breakout and enter into the trade.
Swing Opportunity : Mother son sumi sysmotherson Sumi systems, can be a good bet for swing
.
1. already broke falling 1 year train line
2. breakout of previous resistance
3. retesting previous resistance as support
.
we use only for educational purpose
Motherson Sumi - Bull Flag Breakout - Conservative Long ideaNSE:MOTHERSUMI gave a flag breakout but however into a turbulent zone.
So aggressive longs are not advised.