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. . 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. . Stop-loss must be below the previous immediate swing levels. RR ratio must be calculated and traded accordingly.
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Possibility of a retracement. Market sentiment is negative.
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Half Quantity Inn.
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Possible retracement. Looking for next entry point to unload another half.