hear is the chart of TVS MOTORS (1d)
-volumes are stable need some more volume (-)that's the negative point hear;
-price is making HH & LH series & will making new HH in future
-momentum indicator are in favor
-Macd and BB are positive
let's see what will happen '''
stay updated with me..
The stock is trading in higher high and higher low formation.
Immediate support lies around 1220.
I expect some sort of consolidation and correction in the current zone i.e. 1220 to 1300.
It can be accumulated in dips till 1220 for higher target.
Target: 1335, 1380, 1500
SL: 1190-1200 on daily closing basis.
Look at the chart, NIFTY is already touched all time high and bank nifty to follow. November 4th it broke the accumulation range and started forming HH and HL. Momentum is too good. I thoughi it might correct today, but it is a gap-up open today and most of the day it remained within the opening range (or forming a typical day_) and closed little higher than the...