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⭐ Ultra Equity Advice #106 | Sell | Expected Profit 4-6% | Arijit Banerjee

  Sell    TVS MOTOR  

CP#468.55
IdeaSELL
Sell Range474 – 468
Target450 – 444
StopLoss*488.6
Duration15 – 20 Trading Days
Potential Returns^4 – 6%
CP#IdeaSell RangeTargetStopLoss*DurationPotential Returns^
468.55SELL474 – 468450 – 444488.615 – 20 Trading Days4 – 6%

# CP – closing price on Jan 13, 2020
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 585.
^ Potential returns are calculated based on the median of sell range.

 Verify Ultra Equity Advice #106

To verify our authenticity and credibility, do check the trading position update and recommendation timestamp. Be assured such records are permanent and irreversible.

COMPANY OVERVIEW

Stock Data
NSE CodeTVSMOTOR
Sectoral IndexNifty Auto
52W High560.95
52W Low338.25
Face Value1
Relative Performance_TVS Motor vs Nifty Auto Index

TECHNICAL OBSERVATIONS (WEEKLY)

  • Looking at the weekly chart, the stock has seen a spectacular fall from the high of around 792.1 (December 2017). We have also noticed, the overall trend, as well as the broader pattern, are bearish and any reactive pullback might be temporary in nature.
  • The stock price had done a sharp breakout from the downward sloping channel on weekly charts during October 2019. But that breakout seems to be a false one as the price is moving lower since then.
  • We expect the stock to remain in a falling trajectory and extend the down move in the coming weeks.
TVS Motor Weekly Chart
TVS Motor Weekly Chart

TECHNICAL OBSERVATIONS (DAILY)

  • The daily price indicates a distribution type of formation, where Price is moving in a falling range.
  • Presently, the stock price has placed near the Upper side of this range and based on historical price pattern, we are expecting the price to fall off from here.
  • The momentum oscillator RSI is also moving southwards and thus showing a lack of buying strength in the counter.
TVS Motor Daily Chart
TVS Motor Daily Chart

CONCLUSION - TVS Motor SHARE PRICE FORECAST

Based on our positional trading share advice, TVS Motor share price target will be 450 – 444 in the next few days.

LIVE UPDATE - POSITION & ACTIVITIES

Position: Short TVSMOTOR at ₹ 474 | Goodluck Capital by GoodluckCapital on TradingView

  • 14 January 2020

    Goodluck Capital Recommendation
    ⭐️ Ultra Equity Advice #106

  • 17 January 2020

    Trade closed: stop reached
    ⛔ Stoploss hit 488.6

  • 17 January 2020

    Comment
    ⭕️ Return -3.1%

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MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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