SIWNG IDEA - MOTHERSON SUMI

The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI, presenting astute investors with the possibility of capitalizing on potential gains.

Reasons are listed below :

• Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough.
  
• Stock is in Uptrend i.e higher highs are being made.
  
• Price moved from 62 to 103 and then retraced till 0.382 Fibonacci level and is now breaking out.
  
• Price is above 50 and 200EMA i.e the trend is intact.
  

Target - 123 // 134
StopLoss - Weekly close below 90

Yorum:

stock made a high of 6%.
HOLD for targets!

İşlem kapandı: hedefe ulaştı:

1st target done
we got 20%+

Yorum:

trend looks intact, we can hold this trade for further targets.

Yorum:

Made a high of 27.4% from our buying price, we can hold for 2nd target.

Yorum:

Made a high of 30% ++
We are close to 2nd target