POSSIBILITY OF A REVERSAL IN MOTHERSONSUMI
Mothersonsumi has been on an ascending Parallel Channel from October 2020. After making a High of 272.85 on 2nd June it has been drifting lower to take support at the bottom Trendline with a Low of 220.65 today.
We have to see if there is a reversal or if it breaks the lower trendline. If it breaks then the next support would be around 195-200.
Wait and see the closing tomorrow before taking a decision.
We have to see if there is a reversal or if it breaks the lower trendline. If it breaks then the next support would be around 195-200.
Wait and see the closing tomorrow before taking a decision.
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