GHCL could rise further in short term

GHCL Daily Chart Technical Analysis


GHCL has crossed above the expected AB=CD and we can now look at the possibility of achieving the AB=138.2%CD mark.  This is at 160.  Currently the price is at 139.  A possible buy above 142 with exit at 160.


GHCL Daily Chart Technical Analysis

TVS Motors Ltd seems bearish

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