TVS motor is moving in head and shoulder pattern. A block deal was done recently and this shifted to stronger hands. There is a big gap which if not filled can move this to 750+ levels and then to 1000 as well. March results were really good as well.
Stop loss should be 570 which is the gap.
NSE:TVSMOTOR Levels are Mentioned in the chart... Good for swing trading..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is...
TVS Motors now giving break-out on daily and weekly basis. Break-out above 662-665 zone. target 705-775. Support near 626 and 640. The analysis is done only for educational purpose. Kindly do your research before taking any trading call. NSE:TVSMOTOR
BOX Breakout Pattern will form,
Bullish above 665 1 day close
Target : 700
SL: 644
Time Frame : 35 trading days roughly
Risk is yours and Reward is too yours totally
TVS motor can give bo above 665
buy above 665 in intraday
For Stoploss use 5 minute chart and see nearest support.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo...
I see a good Upside till 650-660 as Iong entry . I am entering 650 ce June series @ 24 with a stop loss at 610 .WIth Open up theme Auto Sector will do well.A good Monsoon will also give impetus to Villagers buying more two wheelers.
