TVS MOTORS moving up from strong trend line support, further strength expecting once it closes and holds above 280.

TVS MOTORS

• Stock holding above 20 days moving average, this indicates as long as stock holds above bulls will be favored.
• Stock also trading above its major trend line resistance zone @ 264, this indicates its previous resistance is now acting as a major support.
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• On upper side stock will find strong trend line resistance around 280, further price rise can be seen once stock closes and holds above 280. Close Watch.

INFOSYS TECHNOLOGIES has formed head and shoulder formation, sharp movement expecting once it comes out from its pattern.

INFOSYS TECHNOLOGIES

• Stock has formed head and shoulder formation in daily chart, sharp movement expecting once it comes out from its pattern.
• Stock also moving up from 100 DMA, this indicates bulls will be favored as long as stock holds above 100 DMA.
• Stock also facing strong trend line support around 1898, weakness expecting once stock closes and holds below 1898.
• On upper side stock will find neckline resistance around 2030, further strength expecting once stock closes and holds above 2030. Close Watch.