TVSELECT1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
TVSELECT trade ideas
#TVSELECT #DLINKINDIA #CEREBRAINT #PANACHE #AGSTRA #COMPINFO #IT
#TVSELECT
NSE:TVSELECT
CMP: 299
TP: 360
SL: 270
TF: <6m
RR > 2.2 times
Return 20%
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
TVS ELECTRONICSTVS Electronics is in wait and watch Zone.
Please understand the dynamics of Price Action (Institutions Trigger Limit Orders and Seek Liquidity at the nearest Trap (where the price is rejected multiple times) to fulfil their liquidity crunch and finally to move whichever direction they planned.
TVS ELECTRONICS & CDSL TVS ELECTRONICS & CDSL - Heiken Ashi trend sequence perfection
Watch the following numbers here -
1. Formation of doji candle
2. Candle formation with open = low
3. Candle crossing the high of second candle.
Ride the trend until the formation of a first red heiken ashi candle.
ROUNDING BOTTOM / CUP AND HANDLE IN TVS ELECTRONICSROUNDING BOTTOM / CUP AND HANDLE FORMATION IN TVS ELECT
Strong downtrend since April 18, then consolidation for almost 2.5-3 years with voulme accumlation in last 6-8 months
Rounding Bottom pattern Target suggests 4x to 5x levels whereas Pivot levels suggest tgt of 450
Buy above 230
TGT 335-450-550 (Pivot)
1000-1250 (Rounding bottom pattern target
SL below 150 on weekly closing basis
Time tgt
Pivot tgt 550 in1.5 -2 years RR 1:3.8
Rounding bottom tgt 1000-1250 in 5-6 years- 2026-2027 RR 1:12
TVS ELECTRONICS Horizontal BreakoutIf TVS ELECTRONICS break @188 level then there is buying opportunity. If horizontal breakout will happen then target will be 29 points or 18%. Stoploss depend on risk capability but ideally you can put it 4-5%.
This is only for EDUCATIONAL PURPOSE do your study before investing.