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


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.