vikasnitt

A downside range breakout trade in TVS motors

Short
NSE:TVSMOTOR   TVS MOTOR CO
Price is in string downtrend and it is trading lower. Price breaks down from a two-week consolidation with a long widespread bar. The momentum is accelerating on the downside. Sell for a decline to 395.

Sell at: 424
Target: 395
SL: 435

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.