TVS Motors: Rs 70 continues to be an important price level

TVS MOTORS Daily NSE Stock Chart Technical Analysis:


The TVS Motors stock price again closed below 70 today for the 4th consecutive day.
Close & CMP: 69.6

Market Outlook:

• The stock price is facing resistance at 70.  Closing the day above 70 makes it an opportunity to enter with a long position.
• The first target would be 77, where TVS faces another resistance.
• If it falls, the support is at 65.

Technical Indicators:

• The price opens above 70 but closes below it.  70 is an earlier support which is now acting as resistance.
• This total fall in price this month has been more than any other month in the past 2 years.
• Above 77, the stock will break through its long-term resistance and become lucrative.  Until then, only short term trades can be made.

All previous posts about TVS Motors

TVS MOTORS Daily NSE Stock Chart Technical Analysis


(analysed for Srinivasan, Mumbai)