TVS MOTORS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock has closed above its previous top, further buying expecting as long as holds above. (Updated On 12th August 2014, Tuesday).

TVS MOTORS

• As per previous report published by us on TVS MOTORS, stock failed to close above its previous top and gave a strong selling. (Click here to see previous report published by us on TVS MOTORS).
• Now daily chart indicates that stock has made a double bottom bullish patter and has made a bullish breakout by closing above its previous top. Technical chart indicates that as long stock trades above its previous top it will be favored by bulls and price to move up further from current levels. (see graph no 1).
• Chart also indicates that stock is moving up from its 20 days moving average , this indicates that as long as stock trades above it will favor bulls.
• Suggested Reading - M&M has made a bullish breakout , stock to favor bull.
• If stock moves up from current levels then it will find next strong resistance around 203 its 161.8% fibonacci retracement as shown in graph no 3. close watch.
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