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.
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.