MothersonIn 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🙂
MOTHERSON trade ideas
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 SUMI SHORT TERM BOUNCE BACK TRADEMOTHERSON 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.
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MotherSumi 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