TVS motor long

8 Jul 2021

TVSMOTOR
Possible good risk to reward trade on TVS motor.
took the trade at 600 with SL at 591 in futures chart.
Reasons:
-1hr rejection candle at the important support area.
-Bullish rsi divergence in 1hr chart.
-Price at very imnportant demand zone for the stock.
-very small SL for the trade.
Targets:-
book 30% qty at 617 1:2 risk to reward.
will be holding the remaing quantities for weeks until a major -ve sign arrives