inverse h&s on weekly charts. channel breakout possibility. for education purpose only
TVS SRICHAKRA LTD. CONFIRMED WEEKLY BREAKOUT this week . use your positional sizing and risk management.
NSE:TVSSRICHAK Buy above 2250 SL closing below 1950 T 2380, 2650, 2800, 3000
ALL LEVELS MENTIONED ON CHART ❕ THANKS FOR SUPPORT 🙏
Chart is self explanatory. Buy TVS Srichakra strictly for investment at CMP. Multiple breakouts in play alongside the first weekly close above 200 WMA (forest green colored MA on the chart) in many years. Stop Loss : 2090 WCB Target : At least 2800.
TVS SRICHAKRA CAN GIVE GOOD RETURN AFTER C&H BO IN LAST WEEK
Cup and handle pattern. Looks good for 2500 as target 1 and then can jump further too. SL around 1890s
TVS Srichakra is trading near 200 EMA on weekly chart with good volumes. Something is happening in tyre space because i can see great volume and price action in all charts(CEAT, Goodyear and JK Tyre already posted). Also forming cup and handle pattern and looking bullish in all timeframes.
NSE:TVSSRICHAK is Bullish and level of resistance and support are marked in the chart. The price reversal box around Rs1911 levels will act as support. The price level around Rs2300 will act as resistance. The retest of support level or can fall upto Rs1600 but will ensure its bullish continuation towards level of Rs3000-Rs4000 for long term perspective.
Bumper Results expected next week. Added today for 2300 2400 target
head and shoulder pattern formation in 1day candle chart ( for personal educational project)
As you can see the stock is consolidating for 2 months at 200 ema. This sort of price movement wont give you chance to enter at breakouts and confirmation. Try buying near the stop loss to reduce the risk or buy now by adjusting your position size.
Pull back on TVS Srichakra on EOD and entry 2520 and exit zone 2600 to 2640. Average points to gain 100 and which is 4% of stock value. Duration of holding probably 3 to 5 days. Note: Suitable for swing traders only.
Target 3046 If Bridge zone 1 and Bridge zone 2 are filled 2686 - 2726.45 - Conductive Gap Bridge 2811 - 2872.2 - Conductive Gap Bridge Momentum awaited BO2 awaited on W charts