TVSMOTOR: A High-Gear Entry Opportunity1. TVS MOTOR LIMITED
Learning Points:
Fibonacci Retracement Levels: Key reversal zones are identified around 50%–78.6%, offering potential entry points.
Multi-Timeframe Targets: Aligning trades with short-term, medium-term, and long-term objectives allows for better decision-making.
Risk Management: Proper stop-loss placement is critical to protecting capital.
Trading Plan:
Entry Strategy:
Short-Term/Options Trading: Enter between ₹2512–₹2530, near the minor buying zone just above the 50% retracement level. Look for confirmation through bullish patterns like hammers or engulfing candles.
Long-Term Investing: If the price dips further, add positions between ₹2106–₹2110, aligning with the Golden Retracement Zone (78.6%).
Stop-Loss Placement:
Short-Term Traders: ₹2419.95, below the 50% retracement level.
Long-Term Traders: ₹2050, below the 78.6% retracement level.
Target Strategy:
Short-Term: ₹2829 (swing resistance).
Medium-Term: ₹3033–₹3119 (Fibonacci extension).
Long-Term: ₹3444, assuming strong momentum.
Predictions:
Price may consolidate within the buying zones (₹2512–₹2530 and ₹2106–₹2110) before moving toward targets.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Conduct your research or consult a financial advisor before trading.
