Vishakha_Nanavaty

TVS Motors-Ascending triangle with breakout

Long
NSE:TVSMOTOR   TVS MOTOR CO
TVS Motors daily as well as weekly chart shows ascending triangle pattern. Ascending triangle is about to breakout which will ensure further up move. High volume can also be seen in the chart. So high volume with breakout will show further up move. Can buy at cmp (499) with a stop loss of 465 or can buy when the daily closing is above 520 for further up move. It can also be accumulated in dips. Can go long with a trailing stop loss. Technical target is 748.

Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)

Comments

Thank you
Reply
@archana_ch, You are most welcome always :)
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Good one...
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@anandrj22, Thank you for your appreciation and encouragement. :)
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