TVS Motors has been witnessing a bullish outlook for the past couple of days.Long Positions have been added up and OI also built up on this stock.Spike in volume and and the delivery percentage is pretty high on this stock. Today once the stock sustains its position above 672 we could enter the market.As its 50 retracement level is already crossed it could reach up to 786 retracement level
Bullish Break Out: TVS Motors Buy Above
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Stock Analysis
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Bullish View
Bearish View
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Good attempt
Thank You Sir !! It’s an appreciation when our work is acknowledged , really motivates to move forward with confidence.
Kind regards
Latha
Your analysis is good
Can you explain , on what basis , you have calculated one week as the time, to achieve the target?
Dr. Bhushan.
Sir, the structure is a magnet and once price action touches 618 retracement level ,price action will be held up there for four to five days.On looking left of the chart that is the clue we get .As OI is pretty high at 700 level , bullish pressure could be expected and once that level is crossed second target could be expected.In order to complete the cycle minimum one week time is needed Sir.
Latha