TVSMOTOR
#JKTYRE 278 Buy Recommended TGT 325 (17%) SL 250 - Rachit SethiaJKTYRE 278
TGT 325
SL 250
RR > 1.8
TF < 6M
RETURN > 17%
NSE:JKTYRE
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
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.
tvsmotor cup with handle patternNSE:TVSMOTOR
tvsmotor cup with handle pattern
posted a 2% rise in its total sales
to 360,288 units as against 355,033 units sold a year ago.
The company's sales of two-wheelers reached 344,630 units in October compared with 341,513 units a year earlier, while three-wheeler sales were up 16% year on year at 15,658 units, according to a post-market hours filing on Tuesday.
TVSMOTORS Cup & Handle breakoutAuto sector is in bullish momentum considering the hype around electric vehicles and reducing steel prices.
TVSMOTOR is looking very bullish and looks like a good positional trade.
It is very close to its ATH of approx 814 and is currently on the verge of giving ATH weekly closing.