RSI is also lower and feel that it can reverse to upwards with strong support 500
This is for learning purpose and do ur own research before act on this
price come down to support zone (530-525) & it spend time at this zone at least one week and if we see any engulfing green candle then we go for long
stop loss at last swing 502 target is 650 & entry =540 to 555
stop loss =20-25 rupees & target =100 rupees so RR will be 1;4
DONT FORGET TO PUT STOPLOSS BECAUSE IT SAVE US TO BIG DRAW DOWN
...
tvs motor good opportunity in buying
if price fall very badly
wait for price to stop
then buy at doji
or next candle close above doji
u will get 1:3 R2R
TVS Motors comming for retest . Support level is right place to enter
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
In 1 Day time frame. TVSMOTOR showing bullish RSI divergence. Since last few months this stock trading in downtrend channel. Expected this divergence gives short term upside movement in stock upto upside resistance level. After reaching at resistance level if this gives breakout then expected 665+ target in TVSMOTOR.
NSE:TVSMOTOR
if find reversal at prz then one can long
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
