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.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.