TVS Motor daily chart pe badhta he ja rha hai,,aur ye aur bhi badhega ish level se bhi,,Stock price has moved above 50 day exponential moving average on daily time frame. The MACD indicator also showing positive divergence in short term,,TVS MOTOR can fly till this level 1130 and if this level got sustained then definitely we can see it can reach previous highs and can make new highs also..Well buy for first target around 1130/1165/1200..keep a stop loss at 990.
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Awesome first and second target completed...now 3rd target is on the way..
Trade active
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made high 1249 all target done,,hold for long term if anyone wants to do or book profits
@Maddy50 ,About My view on your stock (NIKOLA CORPORATION) is absolutely avoidable, because the stock is in downtrend since june 2020. it is making lower lows and lower highs kind of pattern, and 2nd thing, Securities and Exchange Commission and the Department of Justice launched investigations into securities fraud allegations. In July 2021, a United States federal grand jury indicted Nikola founder and former CEO Trevor Milton, but did not indict the company. The indictment charged Milton with three counts of criminal fraud—for "lying about 'nearly all aspects of the business'"—and two counts of securities fraud. I think you should consider Rivian Automotive instead of Nikola corporation for investing, as part of trading perspective you should wait to create a price action in it,,,like wait for another lower low pattern in daily timeframe, once that form in down then start accumulating and then wait for some high jump from there. But you have to wait for that. For now it is not good to go in it. Rivian Automotive is trading on highly discounted price and that is also has EV segment like Nikola Corp. I am done with my analysis. Thanks