Long

EXPECTING AN UP RISE IN MOTHERSUMI

On the 2 Hour Chart of MOTHERSUMI, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 225.40, 230.35, and 234.20. Whereas, on the other hand, on the downside levels the stock can face a support at the level of 215.2, on a closing basis. Closing Price (as on 15.12.21) : 221.50


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Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
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