TVS Motor_ShortSeems to be breakdown in TVS Motors.
Sell TVS Motor below 297 for Targets around 277 with SL of 307.
TVSMOTOR trade ideas
TVSMOTOR - Trade based on trend Above 315 - can expect upside upto 330
Below 305 can expect downside upto 290
TVS MotorsDo your analysis before ...my view only .. buy above redline....market on chart...SL recent swing low
TVS LONG The global Markets are in bullish sentiment. Tvs have recently acquired Britain's Norton Motors.
Buy 302.50 SL : 299.50 TGT1 : 308 TGT 2 : 313.
Long set up This scrip has completed 5 wave move down as 1st cycle Wave A , also interestingly it has Made 3 Wave Pattern with in the Extension of Wave 3
Now this need to close Strong on weekly to take the up the trade , it might take some time due to bearish sentiment
Now upcoming trend might be the Complex B Wave or X wave which one it will be i have no idea , so trade accordingly and book profits when you are in doubt
Nice time to short - TVS MotorShort when candles closes below - 250.50.
Target 25 points - 10%
SL and Target in chart.
Reason
1. Support at Fibonnaci 0% i.e Last month low is broken with good volume and bearishness.
2. Average month range support has been broken.
3. Take profit at -0.382% Fibonacci level.
Long One can wait for daily close or before EOD can look to enter and look to book near the forecast
it will be positional trade ,
