• On the daily chart, the stock has formed an “inverse head and shoulder” indicating a short term trend reversal
• This breakout is accompanied with huge volumes indicating increased participation
• In addition, the stock has confirmed higher tops and bottoms
TVS Motor Company Limited Weekly Tech Picks 27 May,2022• The stock is well placed above its 20,
50 , 100 and 200 SMA which reconfirmed bullish trend
• The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
• The above analysis indicate an upside of 765-790 levels.
• *Holding period is 3 to 4 weeks.
• This breakout is accompanied with huge volumes indicating increased participation
• In addition, the stock has confirmed higher tops and bottoms
TVS Motor Company Limited Weekly Tech Picks 27 May,2022• The stock is well placed above its 20,
50 , 100 and 200 SMA which reconfirmed bullish trend
• The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
• The above analysis indicate an upside of 765-790 levels.
• *Holding period is 3 to 4 weeks.
Note
ALL TARGET ACHIEVE
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.