TVS Motor Company – Short Term View (CMP ~₹3,020)

Trend: Stock is moving in a rising channel with higher highs and higher lows, showing sustained bullish momentum. Support Levels: Immediate support at ₹2,970–2,960 (near 10-day EMA). Stronger support at ₹2,915 and ₹2,785. Resistance Levels: Facing resistance around ₹3,060–3,100 (upper channel line). A breakout above this zone could open upside toward ₹3,180–3,220. Indicators: RSI at ~65 suggests bullish momentum, not yet overbought. Volumes are rising on up days, confirming buyer strength. Outlook: Bias remains positive in short term. A sustained close above ₹3,060 can fuel the next leg higher, while dips toward ₹2,960–2,915 may offer accumulation opportunities with stop-loss near ₹2,880. 👉 In short: Bullish above ₹3,060, with upside toward ₹3,200. Support at ₹2,960–2,915 is crucial for trend continuation