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Published on 7/10/2019 10:15:10 AM | Source: Religare Securities Ltd

Sell TVS Motor Company Ltd For The Target Rs.370 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #TVS Motor Company Ltd #Auto Sector #Trading Report #Religare Securities Ltd

TVS Motor Company Limited (TVSMOTOR)

TVS Motors has been witnessing correction for last one and a half year and retraced considerably from its top. Though it made an attempt to surpass hurdle of long term moving averages around 440 but failed and formed a fresh shorting pivot. We advise utilizing this opportunity to create fresh shorts within the mentioned levels. 

Recommendation

Sell TVS Motor Company Ltd Oct Futs @ 396-399 Stoploss 412 Target 370 CMP 393.15

 

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