TVS Motor stock price on NSE has seen 3 support lines converge yesterday, of which one is its 50 day moving average. Which of these support lines will the TVS stock adhere to? That's what is to be seen before taking the next position on this stock.
This is a closer view of the support lines converging. The 50 day moving average (not seen in 2nd chart) touches the line of support today. The 20 day moving average (not seen here) is closing back in to the 50 day moving average, showing that some consensus is building in the market and this consensus should be visible soon from which line of support remains valid.
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