TVS MOTOR VIEW CONTINUATION (disclaimer - for study purpose only)
BUY ENTRY WAS SUGGESTED FROM 483 LEVEL WITH TARGET RANGE 500-515
WHICH IS ACHIEVED
WHEN IT COMES TO PATTERN FORMATIONS
WE CAN SEE ON DAILY CHART
SCRIPT HAS MADE INVERSE HEAD & SHOULDER PATTERN
+ CUP & HANDLE PATTERN
COMING TO SUPPORT & RESISTANCE CHECK :-
THE SCRIPT IS NEAR THE LEVEL WHICH HAS BEEN
RESISTANCE LEVEL SINCE JAN'20
LOOKING AT THE MOMENTUM THERE SEEMS HIGH POSSIBLIBITY
FOR THIS LEVEL TO CROSS
AND IF CROSSED THE TARGET RANGE SEEMS TO BE
530 -588
A DIP TILL 480-84 LEVEL CAN BE TAKEN AS A BUY ZONE
FOR TARGETS - 500-510-530-588
A STOP FOR THIS SWING TRADE CAN BE KEPT NEAR 440 LEVEL OR AS PER COMFORT
below attached previous idea shared for reference
BUY ENTRY WAS SUGGESTED FROM 483 LEVEL WITH TARGET RANGE 500-515
WHICH IS ACHIEVED
WHEN IT COMES TO PATTERN FORMATIONS
WE CAN SEE ON DAILY CHART
SCRIPT HAS MADE INVERSE HEAD & SHOULDER PATTERN
+ CUP & HANDLE PATTERN
COMING TO SUPPORT & RESISTANCE CHECK :-
THE SCRIPT IS NEAR THE LEVEL WHICH HAS BEEN
RESISTANCE LEVEL SINCE JAN'20
LOOKING AT THE MOMENTUM THERE SEEMS HIGH POSSIBLIBITY
FOR THIS LEVEL TO CROSS
AND IF CROSSED THE TARGET RANGE SEEMS TO BE
530 -588
A DIP TILL 480-84 LEVEL CAN BE TAKEN AS A BUY ZONE
FOR TARGETS - 500-510-530-588
A STOP FOR THIS SWING TRADE CAN BE KEPT NEAR 440 LEVEL OR AS PER COMFORT
below attached previous idea shared for reference
