TVSMOTOR - At very important level of 390.

Its been observed that TVSMOTOR is at very important level of 388-391. This is previous swing resistance as well as 61.8% retraced level.

There is an opportunity to go long above 392 for target of 400. SL will be 382 on closing basis

Comment:

Trade not initiated yet. Seems good resistance at 390. However we are not interested in selling on this counter.

Trade active:

We are long on this counter now @ 392.1

Trade closed: stop reached:

Stopped out with loss of 12 points

Trade active:

Turned back and achieved the target on up side on 24/01.