It is satisfying all the rules which we follow to take a trade : 1. Always buy/sell with the trend. 2. Always wait for the last kiss/breakout. 3. Always buy the second candle after retest. Please follow the stop loss as intraday is all about minimizing losses and maximising profits !! Feel free to follow me on Quora (Jago Niveshak) for daily calls and...
The RSI is also in the overbought (>70) zone and hence once it rechecks the marked level in the chart one can easily take a BUY call. Target : 3% Risk : 1% Risk : Reward : 1:3. Will keep updated here. Do follow to keep motivating you ! Also you can follow me on Quora (Jago Niveshak )where I will explain the whole setup and levels to BUY for two stocks for 7th July 2020
Levels on chart.
BTST IN TVS MOTORS VIEW :-TVSI AFTER A GOOD UPMOVE SAW CORRECTION AFTER RESULTS :-ITS FIRST TIME TEST OF 200-DMA LOOKS SUCCESSFUL :-FIB0 LEVEL OF 38.20 LOOKS GOOD FOR ENTRY :-GOOD RISK TO REWARD RATIO TRADE IN 28TH NOV CONTRACT BUY@458 STOP@452 TARGET 1@470 TARGET 2@478 LOT:1100 QTY:3