TVSMOTOR

TVS Motor in Top Gear as GST Cut Spurs Demand Outlook

TVS Motor – Daily Chart & Technical View TVS Motor witnessed a strong rally today after the positive news of GST reduction, opening at ₹3488.40, making a high of ₹3602.30, and closing at ₹3591.30. On the technical chart, the stock gave a breakout above the ₹3500 mark and surged nearly 100 points in a single session. In the short term, RSI (14) stands at 86, indicating that the stock is in the overbought zone—showing strong momentum but also raising the risk of profit booking or sideways consolidation. Price action remains comfortably above all major moving averages (20, 50, 100), confirming a solid uptrend. The Parabolic SAR continues to give a buy signal, while the MACD is positive and trending upward, further supporting the bullish sentiment. If the stock sustains above the ₹3500 level, it could potentially move towards the 3740–3750 range over the next 1–2 months. On the downside, any dip towards the 3540–3550 zone could offer a “buy on dips” opportunity, with a stop-loss near ₹3500. However, at current levels, the risk-reward for fresh aggressive entries is limited, so positional buying should be done cautiously.