Tvsmotorsell
On-Neck Pattern Breakout on TVS MotorAn On Neck Chart Pattern Breakout happened on the Weekly Time frame of NSE:TVSMOTOR
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for Educational Purpose only.
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.