TVS MOTORS : Ham Sharif Kya Hue, Puri Duniya Hi Badmash Ho Gayi. Stock has witnessed descending channel breakout. Our target 554,565.

TVS MOTORS

Last close 546.40

Stock bottomed out by posting an intra-day low of Rs.515 on14th August, moved sideways for another 2 trading trading sessions while continuous support came in the form of the Rs.515 level. Now stock has commenced an intermediate uptrend, has given an upward channel breakout from a sideways movement, and with the mechanical indicators looking positive, a further strong upside from the current level to non-stop Rs.554, Rs.565, Rs.580 levels cannot be ruled out very soon.