TVS Motors Daily Chart Technical Analysis
TVS Motors is sideways since Aug-15 and is currently trading at Rs. 230.
The price has completed AB leg of the fall from 321 to 207 (Jan-May 2015). The CD leg seems to be developing with 272 as the possible C coordinate.
At AB = 61.8% CD, the support is at 207.50.
At AB = CD, the support is at 167.30.
RSI is at 40, if it falls below 40 and remains stuck in the oversold range for a while, these downsides may get achieved.
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TVS Motors Daily Chart Technical Analysis
