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NeeteshJain

TVS Motor Breakout Wedge Setup (Sell)

Short
TVS MOTOR CO (NSE:TVSMOTOR)  
NeeteshJain  
NSE:TVSMOTOR   TVS MOTOR CO
TVSMOTOR Wedge diagonaltriangle
3
0
tvsmotor wedgepattern diagonaltriangle
It is been observed that the price action is trending up in a channel on Daily chart. Now, on 30 Mins chart, it formed a wedge pattern or diagonal triangle and breaks out from that and moving further down. As per the Fibonacci estimation, I would target it to 38.2 % Fibonacci.

Target: 372
Stoploss: 394

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