TVS Motors Short
Updated
This is a long term view,
It is in uptrend in Daily TF,
So there is a chance for failure
Downtrend in Monthly TF
Fibonacci Extension reached 1 and showing resistance
Fibonacci Retracement reached 0.618
Earnings results expected on July 22 @-2.85
Probable target
Entry point
It is in uptrend in Daily TF,
So there is a chance for failure
Downtrend in Monthly TF
Fibonacci Extension reached 1 and showing resistance
Fibonacci Retracement reached 0.618
Earnings results expected on July 22 @-2.85
Probable target
Entry point
Note
Late update: Rolled over my short, had 390 PE short towards end of last expiry, added those points to my BEP
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