Sep 2, 2018

TVS Motors - Short Term Trading View

This stock was in consistent uptrend and became a victim of the correction in midcap stocks ongoing since the beginning of the year. The stock made high of 800 and now 200 Rs. lower. Among the auto stocks lot, this stocks has been an above average performer, and compared to the big boys in terms of market cap, this stocks has fared greatly. We believe the present upsurge in market will bring the stock up 10% plus and it can be traded for September expiry on long side. The technical picture is also looking positive.

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