TVS Motor - Uptrend Channel (At Break it or Make It Moment)

It is been observed that the price action moving in a uptrending channel. Currently the price action has reached to the uptrend channel resistance, it will be interesting to watch from here on that the price action will break above the resistance or retraces back to the support levels of the channel.

Handel aktiv:

The prices did retrace from the resistance levels indicating selling pressure. The price shall come down further tomorrow.

Target: 331
Stoploss: 343

Trade stängt: målet nått:

Target of 331 reached today.

Handel aktiv:

Today, the price action formed Lower highs (LH) indicating weakness. It shall go further down to 315 levels Stoploss 343