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praveen.bhatiya

TVSMotor PF, Channel, Trendline Engulfing confluence SHORT

Short
TVS MOTOR CO (NSE:TVSMOTOR)  
praveen.bhatiya Updated   
NSE:TVSMOTOR   TVS MOTOR CO
PF Trend Lines NIFTY TVSMOTOR Engulfing Candle Parallel Channel pivot
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pf trendline nifty tvsmotor engulfingcandle parallelchannel pivot
Channel, Pitchfork and Trend line all are meeting beautifully at a single point. Bearish Engulfing today offers a potential short trade at this juncture. I expect it to move easily for the first target of 360 and even further till 340. Stop Loss 393. Similar Setup in Reliance worked well recently.
Trade closed: stop reached

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praveen.bhatiya
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