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382 retracement, breakout and flag confirming UP direction atleast till top..
Are we looking at 20% correction on #TVSMotors
A Close above 420 can take this stock to 450 and 480 Levels.....
It is been observed on the hourly chart that the price action breaks and gaps below the up trending channel on hourly chart. It is indicating a bears come back with strong pressure. Now, it shall further go down to the next support levels.
Will wait for for price to enter in to channel again by breaking previous upper channel line and sustaining above previous channel lower line or will look for any new pattern if there would be