TVS Motor at Shorting Levels
The price action just filled the previous gap down space and now indicating weakness due to long upper wick. The last candlestick that had long upper wick also known as Gravestone Doji, a trend reversal pattern, that suggests rejection of higher prices. It is wise to short at current levels with stoploss.
Target 1: 309
Target 2: 301
Stoploss: 332
Target 1: 309
Target 2: 301
Stoploss: 332
Trade active
Increase positions, it shall reach to 309 levels in 2-3 days.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.