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srikartiram
Dec 15, 2021 12:40 PM

TVSMOTORS | Strong demand zone with good consolidation Long

TVS MOTOR CONSE

Description

TVSMOTORS | Strong demand zone with good consolidation

CMP : 674 (Dip : 660)
SL : 620
Target : Open or 910

1:4 risk reward setup

Target calculated based on Fib.
Comments
Kotha_Rao
Any update after today's fall ?
srikartiram
@Kotha_Rao, Its a bad fall - dint expected. Don't take new position yet. Existing position can close if SL hits (Exit only the latest position taken).
iftim196
@ Kotha Rao, I have taken 720 CE @3.50 today, after drastic fall 5.5% hoping for reversal Should I continue to hold tomorrow or exit with SL of 620 you have mentioned.Plz suggest
YesvSpeedyStock
@srikartiram Sir, already taken @ 683/-
Is it come to this price within 3 months ?
ChetanBSonawane
I'm bothered by the long wick. What do you think of it?
srikartiram
@ChetanBSonawane, Yes its a concern only. I choosen based on strong demand zone. Lets see how it performs in 1-2 days.
dg73
580 coming soon below that 530 possible be careful
natarajan_newbie
good setup, but unfortunately everyone got trapped by operators, but looks like may bounce after touching next support.
YesvSpeedyStock
Sir buy @ 683...
Hold period ?
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