Motherson sumi has been consolidating in a falling wedge pattern for about two months now.
It showed some strength yesterday. Today it broke out of the falling wedge with a solid volume too.
Do note the point from where it took support yesterday is also the price(86 ish) where the gap was created on July4-5th 2023.
Stop loss -86
Target 1 - 98.5
Target 2 - 103
Target 3 - 120
Buy the dip.
Disclaimer: I do have positions in this. And would be selling it as and when I see fit.
It showed some strength yesterday. Today it broke out of the falling wedge with a solid volume too.
Do note the point from where it took support yesterday is also the price(86 ish) where the gap was created on July4-5th 2023.
Stop loss -86
Target 1 - 98.5
Target 2 - 103
Target 3 - 120
Buy the dip.
Disclaimer: I do have positions in this. And would be selling it as and when I see fit.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.