As we can see price is travelling in a Rising wedge pattern with taking resistance from top trendline and taking support from the bottom trendline and it is clearly looking that price is in uptrend with continuation of making Higher highs and Higher lows and now breached the horizontal resistance and gives a all time high weekly close which is it's all time high close too. So it is looking a perfect setup for go long depends on the choice of trader some want to take a trade on price breakout retest zones which is looking nearly about 1160 to 1170 zones. So I am assuming that this time it will take resistance too from the top trendline that is why just taking a target up there.
EMA-:
Daily Chart- Price Trading Above 20, 50, 100, 200.
Weekly Chart- Price Trading Above 20, 50, 100, 200.
Monthly Chart- Price Trading Above 20, 50, 100, 200.
RSI-:
Daily Chart- 70 (Bullish)
Weekly Chart- 65 (Bullish)
Monthly Chart- 75 (Bullish)
Risk To Reward-:
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
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EMA-:
Daily Chart- Price Trading Above 20, 50, 100, 200.
Weekly Chart- Price Trading Above 20, 50, 100, 200.
Monthly Chart- Price Trading Above 20, 50, 100, 200.
RSI-:
Daily Chart- 70 (Bullish)
Weekly Chart- 65 (Bullish)
Monthly Chart- 75 (Bullish)
Risk To Reward-:
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
πππ ππ«ππ¬-: ππ¦π’π πππ£ππ§
Comment:
TYPED LH BY MISTAKE INSTEAD OF HL CORRECTING BY UPDATE PLEASE EXCUSE ME
Comment:
STOCK GOING IN WANTED DIRECTION, TODAY MADE NEW 52 WEEK HIGH TOO, NEXT UPDATE ON TARGET OR STOP LOSS TILL THEN SITTING TIGHT
Comment:
1215 TO 1265 NOW I WILL TRAIL STOP LOSS TO MY COST
Comment:
AS SAID CLOSING IS THE MOST IMPORTANT PART, SO I AM SHARING THE WEEKLY AND HIGHEST CLOSING EVER, ALMOST TOUCHING THE RESISTANCE TATGET TREDNLINE TOO SOON WE CAN SEE THE TARGETS, WILL UPDATE FINALLY IF TARGET REACHED, GAINED 7.9% FROM PUBLISHED PRICE.
Trade closed: target reached:
MUCH AWAITED TARGET OF TVS MOTORS FOR TOUCHING THE RESISTANCE TRENLINE, PRICE REACHED TO 1339 FROM 1214 IT IS A GAIN OF MORE THEN 10% STOCK NEVED DITCHED A SINGLE TIME TOO AFTER PUBLISHEN DID NON STOP RALLY. I OBSERVED MANY OF US AFRAID TO TAKE A TRADE ON LIFETIME HIGHS BUT I FEEL IT IS MUCH SECURE FROM TAKING A REVERSAL OR SUPPORT BOUNCE TRADE ONLY YOU HAVE TO TRADE WITH PROPER RISK MANAGEMENT AND KEEP TRACKING SECTOR AND BENCHMARK INDICES, FEELING VERY HAPPY THAT IT EXECUTED ON TARGET SIDE, YOU FEEL MORE HAPPY TO SEE THAT YOUR ANALYSIS IS GOING IN DESIRED DIRECTION INSTEAD OFΒ SEEINGΒ PTOFIT.
