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PL Technical Research: STOCK TECHNICAL VIEW - TVS MOTOR
Highlights
PL Technical Research: Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt.
STOCK VIEW : TVS MOTOR DAILY CHART; TVS motor has given a strong rally from 1340 to 1630 in the last 2 months, forming a reversal pattern from the top of 1630. A desecive close below 1540 shall weaken the bias, and we can expect a slide till the 1st target of 50 DMA at 1500 levels, and further weakness can slide till 1440 levels.
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