motherson cup and handle and Elliot wave pattern
- 122 is the strong support and resistant point touched multiple times.
- but still is the stock being in bullish mode
- rsi reached 71.14 % at monthly time frame, so few points may arise from here
- wait for correction and may consider this stock when it reaches handle shape bottom or 4th wave is the best choice.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
- but still is the stock being in bullish mode
- rsi reached 71.14 % at monthly time frame, so few points may arise from here
- wait for correction and may consider this stock when it reaches handle shape bottom or 4th wave is the best choice.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.