NeeteshJain

TVS Motor Breakout Wedge Setup (Sell)

Short
NSE:TVSMOTOR   TVS MOTOR CO
It is been observed that the price action is trending up in a channel on Daily chart . Now, on 30 Mins chart, it formed a wedge pattern or diagonal triangle and breaks out from that and moving further down. As per the Fibonacci estimation, I would target it to 38.2 % Fibonacci.

Target: 372
Stoploss: 394

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