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...
It is satisfying all the rules which we follow to take a trade :
1. Always buy/sell with the trend.
2. Always wait for the last kiss/breakout.
3. Always buy the second candle after retest.
Please follow the stop loss as intraday is all about minimizing losses and maximising profits !!
Feel free to follow me on Quora (Jago Niveshak) for daily calls and...
The RSI is also in the overbought (>70) zone and hence once it rechecks the marked level in the chart one can easily take a BUY call.
Target : 3%
Risk : 1%
Risk : Reward : 1:3.
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Also you can follow me on Quora (Jago Niveshak )where I will explain the whole setup and levels to BUY for two stocks for 7th July 2020
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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Pull back on TVS Srichakra on EOD and entry 2520 and exit zone 2600 to 2640. Average points to gain 100 and which is 4% of stock value. Duration of holding probably 3 to 5 days.
Note: Suitable for swing traders only.