The price formed flag pattern and also given breakout on weekly timeframe & also given vigorous closing. The breakout level is 1140. Stocks looks good for up move till price holds the breakout level.
tvsmotor view for 22nd Feb Wednesday
Charts for Educational purposes only
Please follow strict risk reward and stop loss if you follow my level
Thanks,
V Trade Point
TVSMOTOR view above 1141
Please follow strict risk reward and stop loss if you follow my levels...
Charts for Educational purposes only
Thanks,
V Trade Point
TVSMotor view for today 17th feb
Breakout expectataion above 1141
Charts for Educational purposes only.
Follow strict risk reward if you follow the level
Thanks,
V Trade Point
NSE: TVSMOTOR is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed...
head and shoulder made in tvs motors chart in 1 day tym frame .
Sell tvs below 974
Target 931 886 834 812
Sl 1042
We expect good sell in tvs bcz rsi also on its way to breakdown its support
NSE:TVSMOTOR best level to take entry is 1029 with stop loss of 999 (-30 Points). We can expect upside targets of 1047, 1072 & 1092. This could be a low risk and high reward idea.
Note: This is my personal analysis, only for learning. Thanks.
NSE:TVSMOTOR
tvsmotor cup with handle pattern
posted a 2% rise in its total sales
to 360,288 units as against 355,033 units sold a year ago.
The company's sales of two-wheelers reached 344,630 units in October compared with 341,513 units a year earlier, while three-wheeler sales were up 16% year on year at 15,658 units, according to a post-market hours...
Buy TVS motors above 1152 with 5 mins candle confirmation breakout at 1147 level, hold the long position for targets of 1200/ 1230/1272//1293. Maintain a stop loss of 1118. This will be a positional trade for a short term view.
tvs motors a very interasting chart formation the share multiple time make rounding pattern and take support in every time, if you know the power of trend line this is the perfect example.
Auto sector is in bullish momentum considering the hype around electric vehicles and reducing steel prices.
TVSMOTOR is looking very bullish and looks like a good positional trade.
It is very close to its ATH of approx 814 and is currently on the verge of giving ATH weekly closing.
Current Area (930-950) stand s as an important junction
Break n sustain on any side will give the stock direction further
Any side breakout can give opportunity wit other as SL
