Possible good risk to reward trade on TVS motor.
took the trade at 600 with SL at 591 in futures chart.
-1hr rejection candle at the important support area.
-Bullish rsi divergence in 1hr chart.
-Price at very imnportant demand zone for the stock.
-very small SL for the trade.
book 30% qty at 617 1:2 risk to reward.
Increasing Triangle pattern
The blue lines are the support zone and the red line is the resistance level.
If it breaks the redline and maintains it can achieve our target. The target is the green line.
ENTRY: If this breakout will reach candle high and keep it then we will enter.
STOPLOSS: SL is below the Breakout candle low.
Looks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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TVS Motors now giving break-out on daily and weekly basis. Break-out above 662-665 zone. target 705-775. Support near 626 and 640. The analysis is done only for educational purpose. Kindly do your research before taking any trading call. NSE:TVSMOTOR
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short only if find reversal in this current PRZ. PRZ( two red dash lines).
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI...
Keep an eye on TVS motors. TVS MOTOR is expected to move upwards as market sentiment is positive as well as it has taken support on the daily timeframe support levels. If this support level breaks with good volume I will prefer too short. At this point in time, it has made a bullish engulfing candle at the end of the support levels there is a possibility that it...