Cease Loss: Rs 2,770
Goal: Rs 2,880
TVS Motor opened at Rs 2,802.50 and closed at Rs 2,805.00, holding onto minor features however flashing a much more necessary technical sign. On the hourly chart, a basic bull flag and pole sample has damaged out, backed by a bullish candle and powerful quantity. The worth additionally revered the 20- and 50-EMA, with the 20 EMA now crossing above the 50 EMA—usually a precursor to continued upward momentum. RSI is close to 60, exhibiting bullish intent. With the inventory buying and selling above all key EMAs and the auto index exhibiting power, this appears like a strong setup. Purchase at present ranges; cease loss Rs 2,770, goal Rs 2,880+.
(Harshita Darak, Technical Analysis Analyst at Bonanza)
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)
