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Dhaval_Parekh

#Mothersumi Good short term buy

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Dhaval_Parekh  
NSE:MOTHERSUMI   None
Chart Patterns Wave Analysis Technical Indicators inversecupandhandle indicators mothersumilong Bullish Patterns channeltrend
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chartpattern waveanalysis indicator inversecupandhandle indicators mothersumilong bullish channeltrend
As we can see #mothersonsumi system has formed an inverse cup and currently forming a channel where we can expect few levels for a short-term period.
Below is the level
Level 1:- Closing and Sustaining above 221.95
Level 2:- 230 (Once this target is achieved we can expect a shortfall followed by a small bull run)

Also, the indicators are showing a good buying sign,
MACD - cut up
Rsi - 54.34

All the levels mentioned can also be considered as Support and Resistance lines.
Penafian

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