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Ajay7871

MOTHERSON can go long but... need to be cautious.

Long
SAMVRDHNA MTHRSN INTL LTD (NSE:MOTHERSON)  
Ajay7871  
NSE:MOTHERSON   SAMVRDHNA MTHRSN INTL LTD
Trend Analysis Elliott Wave mothersonsumi elliottwaveprojection ewtrading longsetup
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trendanalysis elliottwaves mothersonsumi elliottwaveprojection ewtrading longsetup
As per the above chart MOTHERSON is bullish has given a breakout and can go till the upper line of the channel, If it breaks the channel there is possibility of further upside. But till now it looks like its going in Correction wave ABC. Where wave C can go till Ext fibo ratio of 1.272 or 1.618 . Safe to book near 1.272, Considering the bigger timeframe Motherson looks bearish and can further go down in wave 4. also I will update the daily/weekly TF chart.

Idées en relation

Ajay7871
Mothersonsumi still bearish
Ajay7871
MOTHERSON Bigger TF
Clause de non-responsabilité

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