ksoftkeyan

ksoftkeyan

634 to 636 apppears to be a good support for TVSMOTOR. It started rising sharply after touching 630 even after Nifty was falling during second half of 22/09/2017. Considering this, one can sell TVSMOTOR 630PE at 4.50. Max profit is 4.50*2000 = 9000/- (9% profit on the capital employed in 4 days)

ksoftkeyan

Bearish Bat is being formed

ksoftkeyan

Pls check the time frame of December 2016

ksoftkeyan

Scroll back to timeframe of 21st November 2017 to view the pattern.

ksoftkeyan

Height of shoulder = 22 Height of head = 36 Traget 1 = 138-22 = 116 Target 2 = 138-36 = 102 SL: Exit when price moves above neckline - 138