ROUNDING BOTTOM / CUP AND HANDLE FORMATION IN TVS ELECT
Strong downtrend since April 18, then consolidation for almost 2.5-3 years with voulme accumlation in last 6-8 months
Rounding Bottom pattern Target suggests 4x to 5x levels whereas Pivot levels suggest tgt of 450
Buy above 230
TGT 335-450-550 (Pivot)
1000-1250 (Rounding bottom pattern target
SL below 150 on weekly closing basis
Time tgt
Pivot tgt 550 in1.5 -2 years RR 1:3.8
Rounding bottom tgt 1000-1250 in 5-6 years- 2026-2027 RR 1:12
Strong downtrend since April 18, then consolidation for almost 2.5-3 years with voulme accumlation in last 6-8 months
Rounding Bottom pattern Target suggests 4x to 5x levels whereas Pivot levels suggest tgt of 450
Buy above 230
TGT 335-450-550 (Pivot)
1000-1250 (Rounding bottom pattern target
SL below 150 on weekly closing basis
Time tgt
Pivot tgt 550 in1.5 -2 years RR 1:3.8
Rounding bottom tgt 1000-1250 in 5-6 years- 2026-2027 RR 1:12
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.