MOTHERSON SUMI SYS_ Sector - Auto Parts_ Make or Break Level
After breakout at Rs 160, the company given a return 40% and rejected at multiyear resistance of Rs 280.
The level of Rs. 236 is make or break base, from same level stock has given a b/o in May21 and currently act as support with " Head & Shoulder" pattern. In day time frame, 20 EMA & 50 EMA already violated and 100 EMA will be key level to hold.
If stock breakout the level (probability are high as due shortage of semi conductor, auto sector has negative impact and motherson sum is key player in this segment)
Trading Idea:
Go Short - if stock violate Rs.225, it will be good short term profit
Go Long - if stock sustain Rs.225
(In both case, stop loss fall between 5%-8% or plan per your risk appetite)
The level of Rs. 236 is make or break base, from same level stock has given a b/o in May21 and currently act as support with " Head & Shoulder" pattern. In day time frame, 20 EMA & 50 EMA already violated and 100 EMA will be key level to hold.
If stock breakout the level (probability are high as due shortage of semi conductor, auto sector has negative impact and motherson sum is key player in this segment)
Trading Idea:
Go Short - if stock violate Rs.225, it will be good short term profit
Go Long - if stock sustain Rs.225
(In both case, stop loss fall between 5%-8% or plan per your risk appetite)
Feragatname
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