MOTHERSON TREND REVERSAL
I have been keenly observing Motherson since last month and according to my analysis the stock could have exhausted it's uptrend potential. Even on monthly timeframe a hanging man candlestick pattern is formed(ps: I do not rely much on patterns),also there is a lower refrence area for this stock which might get revisited soon before a new all time high.
Good to short around 195 levels and TARGET could be anywhere 175-165
With a stop of 205.
IMPORTANT- Provides information is just for educational purposes and I do not intend to make anyone take a trade based on this information.
Good to short around 195 levels and TARGET could be anywhere 175-165
With a stop of 205.
IMPORTANT- Provides information is just for educational purposes and I do not intend to make anyone take a trade based on this information.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.