Notorious_Trader

TVS Motor Looks Strong above 397 only for intraday purpose.

Long
NSE:TVSMOTOR   TVS MOTOR CO
As you can see TVS Motor is in Rising trendline Channel and it hold trendline support on 16-July and made a Bullish pin Bar Pattern, I know some people will say pin bar pattern only work in downtrend but try to understand the psychology behind the pattern still i am not bullish or bearish i will only buy above 397.
Comment: I bought above 397 like i said yesterday but it didn't reach my profit target , i closed it manually at NO profit NO loss .
There is Monthly resistance at 400 that's why it didn't reach the profit target in intraday but still we were bullish and we got out with NO harm

Comments

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