Equity
TVS MOTORS: Sell 535-532, SL 555, Target 495TVS motor has presented us a very juicy shorting opportunity. On weekly, it has broken a wedge formation. On daily a flag formation has been broken. SO pressure is on the downside. As the broader market is also plummeting, there is a high probability of TVS motors to reach its target and beyond.
Continues Head & Shoulder Pattern in RelianceFirst of all i don't know weather this pattern is true or not but i have seen good results in many charts so i am sharing it over hear.
This is continues H&S pattern which shows that the prices will continue to follow its trend. For example IF prices have move from Level A TO B and forms a Reverse H&S Pattern at top of the trend and if it gives a breakout from that price. I have notice that prices will trade higher till the difference of A TO B. So, I suggest that prices of Reliance will go higher till 1900 very soon.
I might be theoretically wrong but i have seen good result in this formation.
ITC : Symmetrical Triangle Breakout !I really don't know what to write in description, everything is in chart itself. I'm really bored with Fx markets, thats why posting equities :)
(i) Enter after valid confirmation only
(ii) Use tight stops, if we are wrong on direction, Tight stops help you to cut down loss
(iii) Check your risk & trade plan once before entering the trade
If any specific doubt drop a line below in comment !