MOTOGENFIN
MOTOGENFIN (The Motor And General Finance Limited) looks bullish for short term investment of min 3-6 months holding period.
From last 3-4 weeks MOTOGENFIN showing indication that bulls are gearing up after supply dried out. If you can see last week’s candles closing point are also at good place which indicates that there is no efforts by bears to stop the up for now.
One can prefer to get positions in this counter if we see closing above 23.5 at least on daily chart. As far as stop loss is concern I personally prefer to go with ATR stop.
MOTOGENFIN (The Motor And General Finance Limited) looks bullish for short term investment of min 3-6 months holding period.
From last 3-4 weeks MOTOGENFIN showing indication that bulls are gearing up after supply dried out. If you can see last week’s candles closing point are also at good place which indicates that there is no efforts by bears to stop the up for now.
One can prefer to get positions in this counter if we see closing above 23.5 at least on daily chart. As far as stop loss is concern I personally prefer to go with ATR stop.