Stock -> TVS Motor
TimeFrame -> Weekly
TVS motor has been moving in a channel since April 2020. It came back to its lower trendline, took support, bounced back, and broke its earlier swing high with decent volumes, making for a good opportunity to go long!
There are other indications that strengthen my conviction:
1) Support from both...
📈 TVS Motors 📉
My Findings :- Breakout from a Resistance Zone in third attempt with a strong green candle.
Target- 709, 754 and 813
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.
*Short Opportunity* -
TVS Motor has formed Inverted Cup & Handle pattern, this pattern indicates that there will be a bearish trend in this stock. If this stock retest at a level of Rs. 670.90 then there will be a strong bullish trend we can trade. Also, CCI is below -100.
TVS Motor Company Ltd is the third largest two-wheeler manufacturer in India and one among the top ten in the world. The TVS brands includes TVS Apache TVS Apache RTR FI 160 TVS Centra TVS Fiero FX TVS Flame TVS Scooty TVS Star TVS Victor TVS Victor GLX 125 TVS XL Super.
Support : 600
TVS Motor shows Uptrend now its retraced and now...