TVSMOTOR has given good breakout on Friday and closing was also good. As this has closed at 499 (near to 500 which is psychological level), on Tuesday keep this on radar for long trade. Following 2 scenarios can happen on Tuesday.
1. This opens minor gap up & continuously move up, then wait for it to cross 512 to take trade.
2. This open gap up move down. In such case if this take support at previous resistance TL (490) and start to bounce, then it can be good trade till 512 as Target 1.
Please note, we should always trade with trend to have higher probability of success.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
1. This opens minor gap up & continuously move up, then wait for it to cross 512 to take trade.
2. This open gap up move down. In such case if this take support at previous resistance TL (490) and start to bounce, then it can be good trade till 512 as Target 1.
Please note, we should always trade with trend to have higher probability of success.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
相关出版物
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。