TVSMOTOR trade ideas
Tvs has broken out of the zone with high volume buy recommendatiNSE:TVSMOTOR Tvs has broken from a consolidation phase with high volume so its a buy according to my analysis at cmp 564 with Sl 549 and target 590-604-639
TVSMOTOR | Near BreakoutTVSMOTOR is now trading right at channel upperband and showing strength to go up. It should cross 558 with good volume for move towards 600-610. Options would be better choice with SL being blue trendline closure.
TVS Motor Resistance Bet (Scalp Idea)Update stop loss to cost immediate after some slight profit (if)
TVS Motors - No one buys TVS motorcycles anymore. Looks like TVS is a plane crashing with no survivors.
#TVSMOTOR CASH : LOOKS GOOD ABOVE 555.50#TVSMOTOR CASH
18 NOV 2018
LOOKS GOOD ABOVE 555.50
TARGET 560/565
(SAFE ONCE ABOVE 560 EVEN
FOR 580 IN COMING DAYS)
CMP 550.6
TVS MOTORS #BUY ABOVE 560INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 6th, 2018)
TVS MOTORS #BUY ABOVE 560
LONG in TVS MOTOR on NSE (INDIA)This is weekly chart of TVS MOTOR (CMP @ 553.45) which looks good for a long trade based on following observations:
1. A trendline has been drawn which has been tested for its reliability many a times as established support as shown on the chart. This established trendline once again was tested on 8th Oct 2018 which also coincides with key retracement level of 61.8% as shown on the chart.
2. Counter trendline which acted as resistance many a times, has also broken out.
3. Bullish Harami was formed in prior week starting 22nd Oct 2018 followed by bullish confirmation candle in the last week.
4. Price reversal is witnessed post bullish divergence on RSI as shown on the chart.
Hence, it could be a good long trade with stop @ 524 and then trailing the same to ride the trend.
Happy trading !!!
