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.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.