SIWNG IDEA - MOTHERSON SUMI

The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI, presenting astute investors with the possibility of capitalizing on potential gains.

Reasons are listed below :

Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough.
Stock is in Uptrend i.e higher highs are being made.
Price moved from 62 to 103 and then retraced till 0.382 Fibonacci level and is now breaking out.
Price is above 50 and 200EMA i.e the trend is intact.

Target - 123 // 134
StopLoss - Weekly close below 90

Note

stock made a high of 6%.
HOLD for targets!

Trade closed: target reached

1st target done
we got 20%+

Note

trend looks intact, we can hold this trade for further targets.

Note

Made a high of 27.4% from our buying price, we can hold for 2nd target.

Note

Made a high of 30% ++
We are close to 2nd target

Trade closed: target reached

2nd target achieved : 33% ++

Note

Achieved 42%++

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Achieved 50%

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Achieved 56%++

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Achieved 63%

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Achieved 72%++

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Achieved 81%++

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Achieved 85%++

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achieved 90%++

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Achieved 96%++

Note

Achieved : 102%
Price doubled from our buying price

Note

Achieved 112%

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