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Rakesh Madhav CFA

18th Aug 2025 · SEBI-Registered Analyst

🚀 Follow-up on TVS Motor

TVSMOTOR
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.

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