Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
TVS Motor Company Limited (TVSMOTOR)
Mostly auto counters are struggling and TVS Motors is no different. After making a record high in Jan 2018, it has been continuously trading in a declining trend. Though it had made several attempts in past one year but couldn’t surpass the hurdle of 200 day EMA on daily chart. The current chart pattern indicates further fall in near future. We advise initiating fresh shorts on bounce as per the mentioned levels.
Sell FUTS TVS Motor Company Ltd @482-486 Stoploss 494 Target 460 CMP 477.10
To Read Complete Report & Disclaimer Click Here
For Religare Securities Ltd Disclaimer http://old.religareonline.com/research/Disclaimer/Disclaimer_RSL.html
Above views are of the author and not of the website kindly read disclaimer