TVS Motors Fibo+EMAs+Multi time frame

25 Feb 2021

In 30 mins time frame, the price has formed lower low and lower high, below 580 stock is weak. Dont buy until the 30mins structure changes to Higher High.

In 1 day stock is nearby its lower trendline, Currently close to 20Daily Ema and proper valuation in 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has completed 61.80% retracement and also nearby 100 ema .

The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 DMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence

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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)

HAPPY TRADING!!!