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.
Target: 350
Stoploss: 365
TVSMOTOR is moving inside the channel. After taking support at 340 it is travelling inside the channel. We can go for short at the price 378 with stoploss 380. Targets are 370 and 365. Happy Trading!!! in.tradingview.com
Will this again enter the channel or bounce back.
If the channel trendline is held for first hour of trade on Monday then we can see some bounce towards:- 383
Or else short this for first target of:- 368 and 361
tvs motor looks bearish below 372 with target of 368...on 15 min chart it ll take 200 DMA support.....if breaks below it ll go towords 360 where it ll form bullish BAT.....On daily time frame if it reverese from 363 it ll go up towords 410 .....main hurdle towords 410 ll be 380.....At 410 it lll form bearish BAT...
The pattern formed in TVS motors suggests that it is undergoing a zig zag correction. Wave A and Wave B of the correction is already over. I am expecting wave C to be either 100%, 138% or 161.8% of wave A. Also it can be noticed that the support line in wave B is broken. The complete pattern assumption becomes invalid, if the high 380 is broken. Let's wait and...
TVS Motors after breaking its bullish channel has turned bearish, it is technically looking week to break upward resistance. It has retarced to crucial 50% fibo level and may go upward but before upward it seems to be looking to retest the 50% level again around 350.00, traders may go short in this stock with a target of 350 again and then go long if doesn't break...
It is been observed that the price action is trending up in a channel on Daily chart. Now, on 30 Mins chart, it formed a wedge pattern or diagonal triangle and breaks out from that and moving further down. As per the Fibonacci estimation, I would target it to 38.2 % Fibonacci.
Target: 372
Stoploss: 394
As observed on daily chart, the price action is been trending up in an uptrend channel. Now the price action has reached out to the upper trendline or resistance line of the channel where we could see selling. This shall retrace the prices again and will be counted as a counter reversal trade.
Target: 360
Stoploss: 386
Risk Reward: 1-5
It is been observed that the price action breaks through the preceding diagonal wedge and also trending up in a uptrend channel. It shall move further up from the current price action. It may also be consider a a long term investment from now onwards as it breaks monthly resistance levels of 341 today.
Next Target: 365
Stoploss: 330
It is good to be back on...
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
It is been observed that the price action moving in a uptrending channel. Currently the price action has reached to the uptrend channel resistance, it will be interesting to watch from here on that the price action will break above the resistance or retraces back to the support levels of the channel.
The price action just filled the previous gap down space and now indicating weakness due to long upper wick. The last candlestick that had long upper wick also known as Gravestone Doji, a trend reversal pattern, that suggests rejection of higher prices. It is wise to short at current levels with stoploss.
Target 1: 309
Target 2: 301
Stoploss: 332
