LONG IN TVS MOTORS!!(FUT)!!MOMENTUM TRADE IN TVS MOTORS
VIEW
:-RISE IN OI+RISE IN PRICE INDICATES LONG BUILT-UP
:-BULLISH ENGULFING VISIBLE ON DAILY CHARTS
:-200-DMA IS TAKEN OUT AFTER A VERY LONG TIME
TRADE IN FUTURES 28TH NOV 2019
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@ 476
STOP@470
TARGET@490
LOT:-1100
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
Tvsmotors
LONG TVSMOTORS || SL : 478 || FOR 12TH FEBBuy 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 individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
TVS MOTORS: Sell 535-532, SL 555, Target 495TVS 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.