TVS MOTORS CO
Key highlights: 💡
✅On 1 Hour Time Frame Stock Showing Reversal of Double Top Pattern.
✅ It can give movement upto the Reversal final target of below 1345-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 1290-.
TVSMOTOR intraday view for today
Bullish flag formation above 1356.. keep sl below 1340 which there have one support
Follow strict risk reward and stop loss..
Charts for Educational purposes only.
Thanks,
V Trade Point
Today On Daily TF Wee can see the stock open at 1316 then stock has given breakout on 20DMA and sustain on it. Momentum showing Strength on Daily, Weekly And Monthly basis with high volume and volatility. Auto Sector Trading well from last 2 weeks and many stocks like Maruti, M&M, Tata motors are trading on breakout levels Today Breakout we have seen on TVS...
Risk Disclaimer - Only for Educational Purpose.....
1) Big Picture trend is good UP
2) I Dropped to Lower Time Frame where Trend was Down And was Looking for Reversals
3) Found Reverse Head & Shoulders Patter.
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump into the trade at the beginning of the market. let it get settled for 5 min 15MIN first and judge price action.
*Avoid gap up or gap down the chase. Wait and trade between levels.
Note: Trade with strict stop loss. It may or may not hit all the levels. So one can book profit/loss...
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...
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.
Please help me with this pattern name.
Remember to always trade with caution and to carefully consider your risk management strategy before making any trades. Happy trading!
TVS MOTORS completing I&HS , sorry for late post , i made an early cheat entry with anticipation of RS . Currently move above the neckline has validated I&HS
Reason for long
a) Any open = low set up indicates the urgency of buyers hence any pull back near the open = low price is long
b) any bullish engulfing pattern near vwap is long
for intraday set up
SL compulsory
