TVS MOTORIm not an expert im just sharing my views on TVSMOTORS for tomorrow
Im not responsible for any profit or loss this is not a recommendation
TVSMOTOR trade ideas
TVS Motor Company Ltd.TVS Motor Company Ltd. trading in a rising channel and taking support from the convergence of support zone, lower line of the channel and Kijun Sen line of Ichimoku. Likely to see further strength in the coming days until the stock stays above 423-430 zone. RSI too taking support right above 50 level which suggest strength as of now. Overall a very good risk reward setup. Probable resistance in the short term comes at 460 and then at 477.
Worth Keeping a watchMoving near value area. Might give either side opportunity.
Worth keeping a watch.
TVS MotorsBuy above 444 with the stop loss of 440. Targets are 448, 452 and 456.
Sell below 434 with the stop loss of 438. Targets are 430, 426 and 422.
Next Move Expect Next move would be as per described in the chart on visual pattern free hand draw
One can Look for buying in cash for Next move , Stop should be under the candle Low of your buy set up ,
Book at or near the forecast Target
Good luck
TVS Motors The stock is taking support at the 21 MA and trading above the 50,100,200 DMA. Supports at 377 and 385. Should take out the previous high of 412. Currently at Fib retracement of 23.6% from its previous high. Trading above the trend line and is good for short term trading.
Volume are decent
tvs motor where it will reverse /SELLsell the stock in the zone 475 to 480
keeping sl as 510
targets 450/422/400/380/360
TVS Motors strategy for 24 AugBased on the pattern observed on 21 Aug, it appears that TVS motors is entering a corrective phase .. The evolving pattern appears to be flat/ extended flat ... Wave a and b have been marked on the chart and wave c is in progress. On 24 Aug, wait for retracement to 455-457 levels and look to short with target of 446 ... SL would be 461.50
TVS Motors Long - Target 495TVS Motors Long can be tried if close above 455. Options data suggesting strong resistance at 460 levels. The target could be achieved probable after current month expiry on 27 August. Close above 495 could open doors for target of 590 - 600
TVSMOTOR - Intraday Trading Setup for 20 Aug 2020Disclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
