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TVSSCS: Volatile New Momentum StockTVS Supply Chain Solutions (TVSSCS) is the new listed IPO and few days ago broke out of its listing day resistance with great volumes and rose 28% in 3 days! Then it fell by 15% in next 4 days. Now it is taking support at 10EMA. Lets see if it will now rise again with momentum.
TVS MOTORSAfter the completion of the rounding pattern or bowl pattern from the level of 800 its continuously in the bullish form making higher highs pattern.
Now it's showing the exhaustion so we can see some profit booking here either it can move for buying if it crosses the channel right now it just breakdown the major trendline followed by it from the level of 800 once it crossed below 1080 and 1060(majorly) we can see fall and also on the monthly chart time frame we can observe that it can make the inside candle thus making it in your list is gonna be a jackpot.
On the way we are having the support of 50 MA which can be a good sign for buyers and sellers if it closed below it can fall easily.
TVSMOTORTVS Motor Company Ltd (TVSM) is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers.
Sector: Automobile
Industry: Automobiles - Motorcycles / Mopeds
Peer comparison
1. Eicher Motors
2. Hero Motocorp
3. TVS Motor Co.
4. Wardwizard Inno.
TVS Motors Chart Analysis !!📈 TVS Motors 📉
My Findings :- Breakout from a Resistance Zone in third attempt with a strong green candle.
Bias- Long
Target- 709, 754 and 813
SL- 7350
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
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. !!
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. !