TVS 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. !!
TVS 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...
Short Between 380 to 390 On Monday with SL 406
Target 452 in week
Try to Short on Monday With Stop Loss Previous Day High
IF Open above Previous Day high then Wait to Touch 494 then Short with SL 406
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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