TVS Motor - Does this setup make sense to you?

In bull markets, the fastest way to build wealth is to trade great setups- make 10-15% and then move onto the next one.Keeping money in very fast rotation. TVS is great coz

1. Auto sector is doing well and hence there are tail winds
   
2. Solid consolidation with stock touching life high while in consolidation (this is a bullish sign)
   
3. Volatility compression - and a setup which indicates a quick upside maybe in the offing
   
4. Ticks all the CANSLIM model fundamental positives including increasing earnings
   

Let me know your thoughts - and whats the best way to play this? Am selling put spreads and buying call spreads. What is your favored approach?

Comment:

Hmmm - not a good start to this trade. Its still holding the 21 EMA - if it closes below 21 - then cut this off

Trade closed: stop reached:

Sold off - hopefully no one held this stock as it crossed below 21 ema