TVSMOTOR
TVS motor long opportunityNSE:TVSMOTOR
Stock -> TVS Motor
TimeFrame -> Weekly
Hello all!
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 daily and weekly 50 EMA
2)Support 200 EMA in daily timeframe
3)Breaking of the neckline of inverse Head and Shoulder pattern.
Theoretically, going by the breakout of the inverse head and shoulder pattern, the target should be the equivalent of the distance of the neck from the shoulder which comes out to be around 110 points. But since the markets have been extremely jittery and volatile these past months, its advised to keep trailing your stop-loss.
*NOT A CALL*
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 - Short Opportunity*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. : Sector: Auto - 2 & 3 WheelersTVS 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.
CMP: 649.80
Target 815
Support : 600
TVS Motor shows Uptrend now its retraced and now going Up. Good for swing trade to achieve target 800 to 815
Company Listed in BSC and NSE. Market Cap: 29739 cr. also dividend 0.56% company now coming in Profit.
Long TVSMOTOR...High probability setupTVSMOTOR
NSE:TVSMOTOR
Cmp - 627
Stop - 585
Expectation -
T1 - 700
T2 - 810, Review at 810
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
Technicals - ✅, right
Fundamentals - ✅, will follow price
View:- Swing/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
TVS MOTOR - Our Innocent Investor Suffers Again!!Positive News - Innocent investors entering in hope of quick gain.
TVSMOTORS denies the news and it closes near low.
AGAIN OUR INNOCENT INVESTORS SUFFERS!!
Do not trade on news, Do check our other ideas ' STOCK MARKET MYTHS' series.
1. Major Support - 670.
Major Resistance - 800.
2. Past Trend - Up, tested Major Resistance zone
800 on news. However ended negative.
3. Future trend - If sustains below 720 then 700
and 670 levels as sentiment turns negative.
Possible Trades -
1. SHORT - if it sustains below 726, watch for 720, if sustains below 720 too then hold for 700 and below levels.
2. LONG - Buy above 730 If breaks 720 then reverses. Target - 740, 750, 760.