NeeteshJain

TVS Motor - Uptrend Channel (At Break it or Make It Moment)

NSE:TVSMOTOR   TVS MOTOR CO
It is been observed that the price action moving in a uptrending channel. Currently the price action has reached to the uptrend channel resistance, it will be interesting to watch from here on that the price action will break above the resistance or retraces back to the support levels of the channel.

Trade active: The prices did retrace from the resistance levels indicating selling pressure. The price shall come down further tomorrow.

Target: 331
Stoploss: 343
Trade closed: target reached: Target of 331 reached today.
Trade active: Today, the price action formed Lower highs (LH) indicating weakness. It shall go further down to 315 levels Stoploss 343

Comments

Hi.. Please check the attached chart
A middle channel line makes the support / resistance points in the chart more clear..

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Gr8 Call moving in Your mention Direction
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