Buy Tvsmotors with a SL of 478 for targets of 493/498. Suggested to buy on a dip for a better risk/reward ratio. Do not take this trade if it opens above 491.
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or...
TVS motor has presented us a very juicy shorting opportunity. On weekly, it has broken a wedge formation. On daily a flag formation has been broken. SO pressure is on the downside. As the broader market is also plummeting, there is a high probability of TVS motors to reach its target and beyond.
NSE:TVSMOTOR Tvs has broken from a consolidation phase with high volume so its a buy according to my analysis at cmp 564 with Sl 549 and target 590-604-639
TVSMOTOR is now trading right at channel upperband and showing strength to go up. It should cross 558 with good volume for move towards 600-610. Options would be better choice with SL being blue trendline closure.
Based on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 17-Oct-2018 for TVSMOTOR
Buy Above(5Min candle close): 553 for targets -
T1: 557.1
T2: 559.6
T3: 562.2
SL: 548.6
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and...
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