Last Opportunity to BUY TVS MOTOR Hello, guys welcome Back My self Ravindra,
Guys please if you like my analysis then like it takes hours for making No more words Please.
When you analyze Through elliote wave, Wave 3 is done at 340 Level which is approx 0.382 Fib level Its confirm. Now According to Elliote Wave after wave 5 we see a major fall Around 260 Points from 1 FEB to 8 APRIL.
According to technical analysis, we have done our 5 th elliote wave at 240 levels ( Making Round Bottom )
, Now price is riding on a corrective wave A, B, and C, Stock Might Move toward 400-450-500 After Retracing Wave B @360-340 level Then further we will move toward wave C Which Is our Target and Volume is Increases continuously.
Thanks
Tvsmotors
TVS Motors : Time to book profits..?
TVS Motors after its sharp declines over the last few days has now headed into a stiff resistance zone. The strong volume lead rise is now seen halting at the higher levels as the resistance zones around 500-510 could witness supply. With a value resistance zone on weekly charts firmly laid out ahead the possibility of continued upward rise is now challenged.
Currently the rise has rallied 1/3 of the fallsince Jan 2018. Hence the current levels makes it be an ideal point to go contrarian. Further , the rally into Ichimoku clouds are highlighting that its time to book some profits.With MACD still continuing to languish in the negative zone one should refrain from getting overtly bullish on this counter at the moment and track for some shorting opportunities once it begins to react lower from current levels.
Idea Sourced From NeoTrader
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