NSE:MSUMI MOTHERSON SUMI WRNG India LTD Gives brake out on daily chart. Buy Near 76 Sl 70 Target 87+ Time duration 1 month Risk Reward Ratio ---- 1 : 1.50 Profit on capital Ratio ---- 15%+
Mothersum sumi is gives a triangle breakout and in last week it retested. levels marked on chart
Samvardhana Motherson International Ltd now bullish Motherson has hit a breakout of the "bullish pennant" And has also retested first target was 86.5 approx 9% return if cross 86.5 then we enter to choppy zone (86 to 90) if cross 90 then second target was 97 approx 22% return keep your stoploss at 75 to 76 If we keep going up, your stoploss should also...
NSE: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.
This share currently trade @ Triangle if break out above swing move up to 147 Long target 200 +
Stock Completing Correction on daily time and Also From WEEKLY timeframe....stock Expected to touch 400 in next one year and 800+ in next 3 to 5 years
Wait for the trendline breakout and enter into the trade.
motherson Sumi systems, can be a good bet for swing . 1. already broke falling 1 year train line 2. breakout of previous resistance 3. retesting previous resistance as support . we use only for educational purpose
NSE:MOTHERSUMI gave a flag breakout but however into a turbulent zone. So aggressive longs are not advised.