Motherson Sumi (Samvardhna)
Showing signs of Stage 2.
Had closed above first trading range (TR1) last week and just below TR2.
If it gives a close above 97 (TR2 ) on this weekend ,then we will have long way to go – only hurdle would be 135 (ATH)
Fingers crossed, let’s see how it pans out in coming weeks.
Weekly Chart
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
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