Trend confirmation ✅ – The stock continues to move inside a rising channel, making higher highs & higher lows, reflecting strong sustained momentum. Our previous call has played out with high accuracy, as the stock respected supports and rallied into the breakout zone.
Support Levels:
🔹 Immediate: ₹2,970–2,960 (near 10-day EMA)
🔹 Stronger: ₹2,915 and ₹2,785
Resistance Levels:
🔹 ₹3,060–3,100 (upper channel line, just tested)
🔹 A breakout above this zone can unlock targets of ₹3,180–3,220
Indicators:
🔹 RSI at ~77 → strong bullish momentum, nearing overbought but still trending up
🔹 Volumes rising on green candles → confirms buyer dominance
📌 Outlook:
Bias stays positive in the short term. Sustained close above ₹3,060 has already triggered the upside move we projected, with next leg seen toward ₹3,200+. On the downside, ₹2,960–2,915 remains the crucial support zone for trend continuation.
👉 In short:
Bullish bias above ₹3,060 ✅
Upside target: ₹3,200+ in near term 🚀
Support: ₹2,960–2,915 remains key
Our call on TVS Motor has been highly accurate, with price action moving exactly as anticipated.