TVS MOTOR - Counter Trade Setup on Channel

٤ أكتوبر ٢٠١٦

As observed on daily chart, the price action is been trending up in an uptrend channel. Now the price action has reached out to the upper trendline or resistance line of the channel where we could see selling. This shall retrace the prices again and will be counted as a counter reversal trade.

Target: 360
Stoploss: 386
Risk Reward: 1-5