Mothersumi EOD buy signal generate on weekly fibonacci lower level update : 23 Sept 2015

Buy above signal candle high 249

Time frame : Short Term View

Target : 272 / 288

Place stop loss : Signal candle low 246

Mothersumi Live Chart

MOTHERSUMI closed up   4.450 at 246.400.  Volume was 713% above average (trending) and Bollinger Bands were 34% narrower than normal. 

• Open     High      Low     Close     Volume___

• 230.000  248.650  228.250  246.400  20,032,808

• 
  

• Technical Outlook 

• Short Term:              Oversold

• Intermediate Term:    Bearish

• Long Term:                Bearish

• 
  

• Moving Averages: 10-period     50-period     200-period

• Close:            271.29         340.34         440.53

• Volatility:           72            124             72

• Volume:        6,212,506      3,396,100      1,904,977

   MOTHERSUMI is currently 44.1% below its 200-period moving average and is in an downward trend.  Volatility is   Our volume indicators reflect moderate flows of volume out of MOTHERSUMI (mildly bearish).  Our trend forecasting oscillators are currently bearish on MOTHERSUMI and have had this outlook for the last 2 periods.  Our momentum oscillator is currently indicating that MOTHERSUMI is currently in an oversold condition.

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Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.