TVSMOTOR trade ideas
#Tvsmotors cash : Looks weak below 595#TVSMOTOR CASH -Positional
15.03.2021
looks weak below 595
stoploss 610
Target 576/552
Cmp 602.60
TVS - 200 MA AnalysisTVS is taking support on 200 MA on weekly time-frame,
Entry above strong lose on daily time-frame at 660 for the target marked on chart
TVSMOTORS | Another attempt near trendline support - 15%TVSMOTORS | Another attempt near trendline support - 15%
Good amount of shorts are in system, lets see if this trendline support ahead of result giving a short cover rally
CMP : 560
SL : 530
Target : 650
Almost 1:3 risk reward setup
TVS motor can bought at CMP with SL 535 for target of 580/630TVS motor can bought at CMP with SL 535 for target of 580/630. The below listed observation to make buy call.
1. Trend Breakout
2.11% change in OI with price
3.Double bottom on RSI
TVSMOTOR | Small swing opportunity - W pattern for 12%TVSMOTOR | Small swing opportunity - W pattern for 12%
CMP : 585
SL : 559
Target : 657
Simple 1:2+ risk reward setup
HDFC, SBIN, KOTAK, EICHER, TVS LEVELS.BREAKDOWN LEVELS
HDFC LTP 2415.9
HDFC target 2362
HDFC has a support at 2405 which is very crucial as it is a a break down level.
SL 2442
SBI LTP 329.5
SBI target 310.
SBI has a support at 320.5 which is very crucial as it is a a break down level.
SL 340
KOTAK LTP 1697
KOTAK target 1606
KOTAK has a support at 1676 which is very crucial as it is a a break down level.
SL 1732
EICHER MOTORS LTP 2340
EICHER target 2280
EICHER has a support at 2340 which is very crucial as it is a a break down level.
SL 2385
TVS LTP 536.95
TVS target 500
TVS has a support at 528 which is very crucial as it is a a break down level.
SL 547
FLAG & POLE. All in long trade!All details highlighted on chart.
LONG only after breakout from the FLAG pattern.
Stoploss should be placed below lower trend line of the flag.
Pattern is fairly self evident and text book definition of long build-up.
Given this is a weekly pattern, good for positional cash trade and not for leveraged F&O.
Trade cautiously.
TVS MOTOR Be careful while taking the trade. Take trade after confirmation of break-out, and also stick to your stop loss.
