TVS MOTOR CO -- INTRADAY SETUP - 14/3/2022TVS MOTOR CO intraday 15 min chart
>> Trendline support seen
>> strong resistance breakout seen at above 578 level closing seen above breakout line
>> RSI , MACD bullish
BUY TVS MOTOR above 582 intraday
TARGET 1- 590
TARGET 2- 600
stop loss 568
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk.!
HAPPY TRADING. !!
Motor
TVS MOTOR CO ---POSITIONAL --BULLISH --2022TVS MOTOR CO on Daily chart seen bullish signals TECHNICALS look strong as trendline seen breakout at support level, double bottom formation also seen before breakout, ascending triangle form and tiangle breakout also seen on daily chart, RSI seen nearbuy 60 level where RSI above 60 STRONGLY BULLISH .. RSI also Seen above WMA , Stock can see upside 10-20% in short term 1 month from current cmp 660 Level.
About fundamentals side SALES AND PROFIT seen increase QOQ and YOY basis in this quarter .. !
BUY TVS MOTOR CO @ 660
TARGET 700-750 ( 1 month )
STOP LOSS 615
** THIS IDEA IS FOR EDUCATIONAL PURPOSE.. PLEASE DO OWN ANLYSIS ..take call at own risk .!
HAPPY TRADING. !
TVS Motor at Shorting Levels The price action just filled the previous gap down space and now indicating weakness due to long upper wick. The last candlestick that had long upper wick also known as Gravestone Doji, a trend reversal pattern, that suggests rejection of higher prices. It is wise to short at current levels with stoploss.
Target 1: 309
Target 2: 301
Stoploss: 332