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mothersonsumi Levels and view

$NSE:MOTHERSUMI
Trading in an uptrend channel. currenly it is at the bottom of the uptrend channel + good resistance support zone + important dynamic supports as well. Consider the position for few days as the it can reach the upside of the channel.
A strong 15min close below 238 can initiate short position for small target.
a 15min close above 248 can give good momentum on upside for intraday.
Note. After reaching the bottom of the channel recently it failed to make a new high. Wich can be either weakness in the script or consolidation by the formation of ascending triangle pattern. The volume on short side is greater than buyside which is a concers.
Trading in an uptrend channel. currenly it is at the bottom of the uptrend channel + good resistance support zone + important dynamic supports as well. Consider the position for few days as the it can reach the upside of the channel.
A strong 15min close below 238 can initiate short position for small target.
a 15min close above 248 can give good momentum on upside for intraday.
Note. After reaching the bottom of the channel recently it failed to make a new high. Wich can be either weakness in the script or consolidation by the formation of ascending triangle pattern. The volume on short side is greater than buyside which is a concers.
Not
initated short trade and achieved more than 1%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.