With auto stocks preparing for a bullish rally after a good correction, TVS MOTOR seems to be on a very sweet spot. The stock is ready to give a good bullish run with the RSI touching the level 40. The small rectangle marked with blue color is a good buy zone.
TVS is moving towards the breakout zone which is also all time level.
Its forming ascending triangle on daily chart
volume push is also seen
levels and target marked on chart
TVS MOTOR ME BIG GREEN CANDLE AANE WALI HAI
after 2 bearish candle at upper bollinger band stock reverse from 5dema and stock start rally upside with small 1% to 2% candle after that 3 or 4 candle a big marubozu candle form
a pattern in uptrend
every chart there in every bullish stock
with ER looming up,
if this flags sideways till then, TVS can flag up towards 1730s indicated by purple
1590-1572 support zone and
1633-1663 resistance zone
Refer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any...
For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail...
Intraday idea
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This content for only education purpose!
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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-.
