TVSMOTOR trade ideas
Double Top pattern reversal in TVSMOTORS.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-.
TVS MOTORS : Ready to RUN...!
Today On Daily TF Wee can see the stock open at 1316 then stock has given breakout on 20DMA and sustain on it. Momentum showing Strength on Daily, Weekly And Monthly basis with high volume and volatility. Auto Sector Trading well from last 2 weeks and many stocks like Maruti, M&M, Tata motors are trading on breakout levels Today Breakout we have seen on TVS MOTORS.
For Swing and Positional trade Entry at CMP with the support of 1311, Upside move can see at 1380 to 1400 levels in coming Days...
BUY TVS MOTOR FROM HERE (SHORT TERM TRADING IDEA)TVS Motor daily chart pe badhta he ja rha hai,,aur ye aur bhi badhega ish level se bhi,,Stock price has moved above 50 day exponential moving average on daily time frame. The MACD indicator also showing positive divergence in short term,,TVS MOTOR can fly till this level 1130 and if this level got sustained then definitely we can see it can reach previous highs and can make new highs also..Well buy for first target around 1130/1165/1200..keep a stop loss at 990.
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TVSMOTOR - Bullish MomemtumNSE: TVSMOTOR is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.