TVS ELECTRIC Has given a break out but still that candle is not a strong, still we can take this trade with less qty after a strong candle we can add more.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers
TVS Electronics is in wait and watch Zone.
Please understand the dynamics of Price Action (Institutions Trigger Limit Orders and Seek Liquidity at the nearest Trap (where the price is rejected multiple times) to fulfil their liquidity crunch and finally to move whichever direction they planned.
TVS ELECTRONICS & CDSL - Heiken Ashi trend sequence perfection
Watch the following numbers here -
1. Formation of doji candle
2. Candle formation with open = low
3. Candle crossing the high of second candle.
Ride the trend until the formation of a first red heiken ashi candle.
ROUNDING BOTTOM / CUP AND HANDLE FORMATION IN TVS ELECT
Strong downtrend since April 18, then consolidation for almost 2.5-3 years with voulme accumlation in last 6-8 months
Rounding Bottom pattern Target suggests 4x to 5x levels whereas Pivot levels suggest tgt of 450
Buy above 230
TGT 335-450-550 (Pivot)
1000-1250 (Rounding bottom pattern target
SL below 150...
If TVS ELECTRONICS break @188 level then there is buying opportunity. If horizontal breakout will happen then target will be 29 points or 18%. Stoploss depend on risk capability but ideally you can put it 4-5%.
This is only for EDUCATIONAL PURPOSE do your study before investing.
