Commencez
peace_lover

TVS MOTOR ASCENDING WEDGE BREAKOUT TRADE - BUY

Long
TVS MOTOR CO (NSE:TVSMOTOR)  
peace_lover Mis à jour   
NSE:TVSMOTOR   TVS MOTOR CO
Trend Analysis Chart Patterns Wedge TVSMOTOR breakout trading tradingsignals tradingpatterns tradingplans Technical Analysis
10
3
trendanalysis chartpattern wedgepattern tvsmotor breakout trading tradingsignals tradingpatterns tradingplans technicalanalysis
  • TVS Motors have formed an ascending wedge pattern on the daily timeframe with 2 contact points above and 3 contact points below

  • Yesterday it has broken out of the pattern with gap-up which acts as a very strong confirmation of the success of the trade

  • Although no volume surge is present but RSI is present in OVERBOUGHT zone indicating that the momentum is very strong for the stock right now which in turn is a boon for the stock which would give the push for the stock to rise

  • TP is set as the width of the chart pattern at the place of the first contact point
Trade fermée: cible de profit atteinte:
The exact TP has been reached by TVS motor yesterday and hence trade has been closed
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.