Sunday, 31 October 2021

TVSmotor - Is it good to go long?

 TVS motor fundamental analyses based on last 20 Qtrs

It is a midcap company. Last Friday closing price was 662 and future closed at 664.25

1. ROE, Profit, Sales   growth  good

2. 50% time TVS motor outperforms Reliance

3.Valuation    600 - 700

TVS motors technical analysis

TVS motor daily technical analysis

In the daily time frame, we observed increase in volume and price breaking an important resistance.

PCR .4
Maxpain  630
rice and open interest build up shows short cover

As par my view, TVS motor is good for buy 

How to entry in long trade ?

I enter a trade in 5 min timeframe using multi-timeframe CCI

I will buy in cash once below conditions met

1. CCI 34 30 goes above 120 and CC 8 5 goes below 100. 
2. when  one candle in 5 min close above 676

Initial stop loss 580

Update on 1st November 

I have a plan to buy 50 shares of TVS motor in 5 installments.
Bought 10  shares at 674.65. I put GTT sales order 635. Maximum risk 390
I will add another 10 shares once it trades above 684 for 15 minutes. 
Next, I will add weekly if it breaks the previous week high or after a decent pullback.

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