TVS Motor India - Giant Flag Pattern

kunal_finner Updated   
8 week flag in progress. Getting beaten back from 1360 every time
Waiting for earning? Be ready to jump on if earnings are beaten - stock will cross 1400
If earnings disappoint then be ready for sell down and settling around previous base of 1200

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Interesting - earnings were actually good and the stock sold off. So ideally it shud now base again and get ready to go. Still observing it - no action for now
Well its broken out - many people cudnt get on as it reacted (falsely) to the downside - shook out most of the people and then took off. Interesting. Anyway - look for opp to buy this (PS - tata motors taking off too)
Results were good - its consolidating gains and holding high

This is a buy
Here we are at 1400 - although suggest holding 50% of the position for more gains / square off half

Best advice ever - Cut your position size by half.

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