TVSMOTOR trade ideas
Today Market behavior & its Corrective structure When i see a person starts labeling the Elliott wave theory without understanding it , how exactly it works i know he or she dont have proper knowledge and some try to make it look like they know everything , in reality market works completely different form their views
So what has changed and what is causing the retail traders ?
The answer is understanding the correction in the middle of the trend , any one can throw a dart in the Middle of impulse leg and can become successful trader but when market enters in correction every starts loosing because they do not have an proper understanding , How the corrections can unfold and how the corrections can lead us what will happen next
Here i have made an visually represented an series of pattern which are inter-connected with each other
Whenever you see the impulse is being challenged with sharp correction or sharp drop in price action consider the time for pause in the impulse move , and this correction when it unfolds it gives an idea what kind of pattern it will lead during its formation ,
R N Elliott did a Very Grate job by simplifying it and giving them a name and labeling them to understand what exactly they are ( You can label them with your name or any alphabet you like ) he also gave an guidelines how to identify these and trade in the direction of larger trend for becoming successful trader
Now i am not going to talk about all the wave theory here , but i have given an visually represented hint , Now Google Elliott wave principal and read it , understand it then start practicing it
Good luck
longfalling edge. once it starts moving upward it will touch upper trendline and if sustains above trendline and consolidates then it can touch 530 levels.
long falling edge..once it starts moving upward then it will touch upper trendline and if holds there then it can go up to 530 levels.
LONG TVSMOTORS || SL : 478 || FOR 12TH FEBBuy Tvsmotors with a SL of 478 for targets of 493/498. Suggested to buy on a dip for a better risk/reward ratio. Do not take this trade if it opens above 491.
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
BEARISH GARTLEY ON TVS MOTORBEARISH GARTLEY ON ITS PROBABLE WAY TO A STRONGER DOWNTREND. PRZ ZONE OF 541.3 STOP LOSS OF 550
TVSMOTOR (TVS Motor Company Limited) SELL BELOW 491.7TVSMOTOR (TVS Motor Company Limited) SELL BELOW 491.7
TVSMOTOR (TVS Motor Company Limited) SELL BELOW 532TVSMOTOR (TVS Motor Company Limited) SELL BELOW 532
[Intraday] TVSMOTORS Outside Bar Long TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
