TVS MOTOR ASCENDING WEDGE BREAKOUT TRADE - BUY

6 May 2023

• 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
  

13 Haz 2023

İşlem kapandı: hedefe ulaştı

The exact TP has been reached by TVS motor yesterday and hence trade has been closed