Monday, July 30, 2018

MOTHERSON SUMI

What a stock ever since inception impulsive move.

I have tried to count waves.This looks the best possible wave structure 
for this stock as of now.


lets look a closer view to get a better view.

daily chart.


A good correction in parallel channel wxy correction is done .Point to ponder now
is correction over or not.The stock is still trading below trendline resistance.
This could be a X wave too,Above 340 the correction looks over and stock can continue upward
journey.Lets see how the stock reacts in coming days.

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