Stock of the day: Buy TVS Motor Ltd For Target Rs.1130 By Religare Broking
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* We are seeing a mixed trend within the auto pack wherein TVS Motor is attracting noticeable traction.
* It hardly retraced from its record high in the recent corrective phase and formed a strong base above medium term moving average i.e. 100 EMA around 1000 levels.
* The price action combined with an uptick in volumes indicates the resumption of the trend.
BUY TVS Motor Ltd CMP (Rs):1082.70 Range:1070-1080 SL:1050 Target:1130
Technical Chart :
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