TVS MOTOR ASCENDING WEDGE BREAKOUT TRADE - BUY

2023年5月6日

• 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
  

2023年6月13日

交易結束：目標達成

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