At a crucial juncture

Updated

Today's closing will decide further moves.

Note

Above 300 it will re-enter previous channel promising 309/313 targets. Below 290 will confirm downtrend in the present channel.

Note

Mothersumi is still ranging between 288 and 297 with less than or average volumes for the past 3 days. Still hasn't conclusively broken into any of the channels. So it's in a no trading zone imo.

Note

Right after I wrote above, stock went above 300. If it shows buying coming in sustainably to keep it above 300, or if it goes above 303.4, buy for above mentioned targets.

Trade active

Buy for the targets. Not intraday.

lokhandi

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