the script is on corrective raise within which an impulse of 12345 is being done and the last leg is pending to complete the corrective leg B of major degree as per the EW analysis. as the price retraces and bounces back the confirmations can be observed for the waves movement
this chart breakout 2017 high with cup and handle pattern so this give beautiful result.
6500 is my target as per this breakout
no recommendation for any buying or selling
take own analysis
Reason for long
a) Positive Volume pull back
b) Rainbow indicator still in yellow colour indicating pullback is intact.
c) QQE, Rainbow and POC i ndicating low
d) SL compulsory
TVS shrichakra results are improving. with increase in sales and also rubber prices are cooling down so should help in improving margin and profit. Price might reach 3600+ with stop loss of 2400.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book...
I am🚀 Bullish 🚀As a big buying Green candle comes and this is moving to ita new All time High .. 🚀
I am Bullish Are you .. ? 🚀
You should if you want to earn money ..
Not just some like Pippi by giving your money to Banks and make them Rich ...
Be Rich by Yourself.👍🏻🥳
FOLLOW FOR MORE.
The tyre sector seems to be turning around with the TVSShrichak stock seems to be at base level with good bounce possible. teh price can touch 2600. stop loss 1900.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due...
BUY as long is initiated on following parameters
as above 200weekly moving average
breakout retest done of before covid high
weekly doji and close above 200wma after retest
sl weekly close below 1911
tgt 2640, 2900
cash stock run slowly
risk emotion free money
