johnjen2088

motherson cup and handle and Elliot wave pattern

NSE:MOTHERSON   SAMVRDHNA MTHRSN INTL LTD
- 122 is the strong support and resistant point touched multiple times.
- but still is the stock being in bullish mode
- rsi reached 71.14 % at monthly time frame, so few points may arise from here
- wait for correction and may consider this stock when it reaches handle shape bottom or 4th wave is the best choice.

This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
Aviso legal

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