📈 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 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...
TVSMOTOR
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...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
As long as the price trades above 648 there should be no reason stopping it from breaking the Resistance of 664. But if t all the support area of 639 breaks then we can have the price reaching the levels of 630 and below.
9987567889
NSE:TVSMOTOR
Simple Safe Trade setup for TVSMOTOR.
1) On 1 day time frame, it took support from 10DMA and closed just below critical level of 580.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame, it has made spinning top candle with high of 590 level and low of 570 level.
Please refer below chart : 1day Time Frame.
Trade setup...
Note: This is for educational purpose only.
There seems to be a build up near resistance in 1 hour timeframe. RSI is near 60 and relative strength is crossing Nifty Index. There is a possibility of breakout. But please wait until breakout happens.
Once breakout is done, SL would be: ₹542
What I see :
I see good trendline supportive
Earning about to come and price has fallen quite a lot about 12% from top
This can be a good risk to reward trade if taken with proper system
Rest is expalined well in the video
Happy trading :)
LNA stand for Late night analysis
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick...
BUY LEVELS WITH STOP AND TARGETS MENTIONED ABOVE
BIGGER TIME FRAME ANALYSIS WAS POSTED ON MY PROFILE EARLIER
DETAILS ATTACHED BELOW
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