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NSE TVS MOTORS – Weak Formation
After making a high of 1176.9, NSE TVSMOTOR Is struggling to achieve a new price extreme. By selling at the pivot level 1056, sellers can benefit from the weak structure. Entry should be made after sustention of the price so traders can be out from the market in odd situations.
If the price sustains below 1158, traders can trade for the following targets: 1046.15 – 1037 – 1028+. Free subscribers can use stop-loss as the previous day’s high.
I will update further information for premium subscribers soon.
NSE INFY – Double Top
NSE INY has formed a big M (double top) on the daily timeframe. In the previous trading session, the price has broken down the neckline of the big M at 1448. The price is trading below 200 EMA, and the ATR is 30. Selling pressure will increase rapidly after sustention below the neckline.
If the price sustains below 1453, traders can sell for the following targets: 1432 – 1419 – 1396+. Free subscribers can take an invalidation level as the previous day’s high.
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