TVS Motor: Analysis

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Keep an eye on TVS Motor it was in parallel range since start of September. Expecting a breakout after a possible retracement. Buying level will be above 471.00.
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Reason to buy:
1) Moving up with good volume since 3 days. If this momentum continues their will be a breakout soon. Bollinger bands showing good volume as well.
2) Above 200 MA line shows uptrend.
3) Holding Higher levels.
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Stop-loss must be below the previous immediate swing levels. RR ratio must be calculated and traded accordingly.
Ghi chú
Possibility of a retracement. Market sentiment is negative.
Giao dịch đang hoạt động
Half Quantity Inn.
Giao dịch đang hoạt động
Possible retracement. Looking for next entry point to unload another half.
Giao dịch đang hoạt động
Another half unloaded @ 473.00. SL @ 463.00.
Giao dịch được đóng thủ công
@ 478.55. Again Range-Bound.
breakouttradingParallel ChannelSupport and ResistancevolumeanalysisVolume

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