TVSMOTOR trade ideas
TVSMOTORNSE:TVSMOTOR
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Looks good for positional trade.Aim for 4-5%. It can be easily achievable in 1-5 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
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TVS MOTORS IS it time to Run ??1. Confluence of Volumetri profile
2. Supply is exhausted
3. Rsi rising
4. Improvement in AUTO sector lead by maruti , 10 % upside in the indes auto is expected .
5. Observe the targets as shown 674, 701, 731 and 765 as per FIbo
6. Multi Months Breakout watch for Volumes in Coming 2-3 days .
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TVS - Short Term Gain of 12%Hi All,
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P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk.
TVS MOTORS Analysis Short term Since we can see the stock has already broken its resistance zones. And there was a green candle with good volume support to break the resistance.
I bought it at 675( SL- 650).
Recommend:
Wait till it reaches 720. Then put an SL at 700 and book profits.
Although I feel like from the earnings quarterly it can go up to 800. Just try to book profits by putting a variable SL at different points.