Today's Breakout-

MOTHERSON

gained more than 2% in day trading session, closed at 134. Daily chart is giving us a strong reversal pattern, look at the chart you will get a clear head and shoulder pattern, pattern's neck line is placed at 132, and bottom of the pattern in around 116, means we have 16 points difference between neck line and bottom, so after breakout of neck line that is 132, we have target of 148 (132+16), in down ward trade we have to follow the stop loss of 120, that is a low of our second shoulder. Disclaimer- above views are only for information purpose.