BTST IN TVS MOTORS
:-TVSI AFTER A GOOD UPMOVE SAW CORRECTION AFTER RESULTS
:-ITS FIRST TIME TEST OF 200-DMA LOOKS SUCCESSFUL
:-FIB0 LEVEL OF 38.20 LOOKS GOOD FOR ENTRY
:-GOOD RISK TO REWARD RATIO
TRADE IN 28TH NOV CONTRACT
MOMENTUM TRADE IN M_M FIN
:-CROSSING ITS MAJOR HURDLE OF 361
:-AFTER A VERY LONG TIME NEEDS A CLOSE ABOVE IT
:-LOOKS A TEST OF 200-DMA IS ON THE WAY
:-SWING TRADE IS POSSIBLE WITH A GOOD RISK-TO-REWARD
TRADE IN 28TH NOV FUTURE CONTRACT
We got our first target, but now the rejection from 631 levels, which was major support of 100 dma, horizontal support and kijun sen has given a new possibility towards 670/72 levels, although buying is not recommended, but neither selling unless it goes below 627 and holds below it, possibility is marked with arrows on the chart.
The selling will be recommended...
at this point of time RAIN inds seems to technically more attractive as the bulls are able to keep up the break out above 50 DMA which shows bulls are preparing for some heavy action on this stock. LONG and HOLD till the bearish cross of 50 DMA. keep a STOPLOSS of 164.