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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.


This post first appeared on Rish Trader, please read the originial post: here

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MOTHERSON SUMI

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