ChoCH and Premium–Discount Zone Analysis of TVS Srichakra Ltd. (TVSSRICHAK)

-

 


In this analysis, we review the daily chart of TVS Srichakra Ltd. (NSE: TVSSRICHAK) through the lens of Smart Money Concepts (SMC) — focusing on the Change of Character (ChoCH) and Premium–Discount Zones.

🔹 ChoCH (Change of Character)

A ChoCH event signals a reversal in market structure. It usually marks the end of a trend and the beginning of a possible new one.

👉 On the TVSSRICHAK chart:

  • A ChoCH is visible, showing strength as the price broke past resistance around ₹3,350.

  • This shift highlights that smart money likely changed direction from a period of distribution to accumulation.

  • The strong breakout candle closing at ₹3,701 (+16.52%) confirms the bullish shift.

🔹 Premium and Discount Zones

In SMC, the Premium–Discount model helps identify where smart money is likely active:

  • Discount Zone (Below 50% of range): Ideal for buyers (accumulation).

  • Premium Zone (Above 50% of range): Ideal for sellers (distribution).

👉 For TVSSRICHAK:

  • Price consolidated for weeks between ₹2,800–₹3,300, staying in the discount territory.

  • After accumulation, smart money triggered a breakout, pushing price rapidly into the premium zone above ₹3,500.

  • This premium area may now act as resistance, while ₹3,200–₹3,300 remains strong support.

🔹 Current Market View

  • Support (Discount Zone): ₹3,200 – ₹3,300

  • Resistance (Premium Zone): ₹3,650 – ₹3,750

  • Current close: ₹3,701.10

  • Indicator Profitability: 64.80% (favorable setup)

This suggests strong bullish momentum, with the breakout candle confirming smart money’s entry. However, traders should watch for pullbacks to the discount zone for safer entries.

📌 Key Takeaways

  • ChoCH confirmed: Market has shifted bullish.

  • Smart money accumulation: Occurred below ₹3,300 levels.

  • Premium zone watch: ₹3,650–₹3,750 likely to act as supply zone in the near term.

  • Sustained close above ₹3,750 can open room for higher targets.

Comments

Post a Comment

Popular posts from this blog

OVERSOLD BY LINEAR REGRESSION

-
MAGNAELQ 1,107.30 ▼ −5% Mts  26% GLAND 1,892.20 ▲ +0.33% Mts  21% SUVEN 222.25 ▲ +5% Mts  59% MOL 80.12 ▲ +0.41% Mts  37% AGARWALEYE 425.50 ▲ +2.43% Mts  25% SHARDACROP 913.95 ▲ +1.15% Mts PRIVISCL 2,283.00 ▲ +2.15% Mts GROBTEA 1,033.00 ▲ +3.15% Mts  30% CMSINFO 418.80 ▲ +0.84% Mts  21% KILITCH 369.90 ▲ +2.92% Mts  31% BANSWRAS 128.63 ▲ +1.81% Mts  25% AFFLE 1,929.40 ▲ +1.2% Mts ELGIEQUIP 477.05 ▼ −1.79% Mts SCHNEIDER 890.10 ▲ +4.83% Mts DIACABS 144.21 ▲ +2.45% Mts
Read more

OVERSOLD BY LINEAR REGRESSION

-
*  PRESTIGE 1,538.60 ▲ +1.86% Mts MGEL 15.66 ▲ +3.71% Mts AUBANK 699.75 ▲ +0.78% Mts SOUTHBANK 28.62 ▲ +0.1% Mts * EIMCOELECO 2,011.80 ▲ +4.54% Mts KRITI 134.55 ▲ +1.69% Mts FAZE3Q 449.80 ▲ +9.4% Mts PGIL 1,291.20 ▲ +7.25% Mts RESPONIND 196.10 ▲ +3.49% Mts ASAHIINDIA 834.25 ▲ +2.96% Mts * LLOYDSME 1,302.90 ▲ +0.73% Mts * WELCORP 858.90 ▲ +1.15% Mts NHPC 78.64 ▲ +1.05% Mts
Read more

Top No-Code Algo Trading Platforms in India (2025) – Full Comparison & Ranking

-
 Algorithmic trading is no longer just for coders or quant traders. In India, several no-code algo platforms now allow traders to automate strategies using visual builders, drag-and-drop blocks, or simple indicator-based rules—without writing a single line of code. In this post, we rank the best no-code algo platforms in India (2025) based on ease of use, cost, broker support, reliability, and suitability for beginners or pros. ⭐ Overall Rankings (2025) Rank Platform Best For Why It Stands Out #1 Tradetron Traders wanting maximum flexibility Visual rule builder, marketplace, broker ecosystem #2 Zerodha Streak Beginners & indicator-based traders Extremely simple UI, safe sandbox backtests #3 AlgoTest Options traders Multi-leg builder, live execution, excellent backtesting #4 QuantMan Options & strategy builders Drag-and-drop builder + strong analytics #5 AlphaBots Automated plug-and-play strategies Ready strategies + easy deployment #6 AlgoBulls Beginners wanting ready...
Read more