Tvsmotorlevel
TVSMOTOR Analysis!TVSMOTOR Analysis on Daily Timeframe!
Ascending Triangle Pattern in TVSMOTOR!
Resistance Breakout in TVSMOTOR!
TVSMOTOR has made an Ascending Triangle Pattern on Daily Timeframe. It has given a decent gap up breakout to it's resistance trendline before that price is making Higher Low's and formed an Ascending Triangle Pattern. TVSMOTOR tasted it's resistance about 2 times but couldn't break it. Today it has given breakout to it's resistance. As TVSMOTOR trading about All Time High so for price forecasting I have applied Fib Retracement from it's recent high to recent low and now we have our upside levels. These fib levels we can consider as our upside targets as well as resistances. Also TVSMOTOR has taken a good support at 50EMA and now trading above it so we can expect the price will go upwards.
Trade Psychology and Setup = 1190 after retesting
Entry = One can enter after Retesting
Target = Projected Target Will be 1696.65 and Fib Levels
Stop Loss = Below 1142.60
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
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.
Simple Safe Trade Setup | TVS MOTOR |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 mentioned on chart is for safe trade only.
Avoid gap up or gap down chase. Wait and trade between levels.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.