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Umang Bhutada

21st Oct · SEBI-Registered Analyst

TVS SRICHAKRA | TECHNO-FUNDA ANALYSIS

TVS Srichakra Ltd – 1W

TVSSRICHAK
Trend: The stock has shown a sharp uptrend after a major breakout above ₹3,611, continuing to post strong weekly gains. It’s now moving toward multiple supply zones, indicating further upside potential. Key Levels - Breakout Level: ₹3,611.20 Immediate Support: ₹3,936.80 Major Support: ₹3,611.20 Supply Zones: ₹4,483.00 / ₹4,903.15 Fundamentals (Key Points): 🏍 Leading tyre manufacturer with strong domestic and export presence. 📈 Improving margin trajectory backed by falling input costs and higher volume growth. 💰 Low debt and strong cash flow generation support valuation stability. 📊 Earnings recovery continues; long-term growth outlook positive. ⚠️ Near-term consolidation possible around ₹4,450 zone due to overhead supply. Final Verdict: Bullish — Sustaining above ₹3,900 indicates trend strength; targets ₹4,450–₹4,900 in coming sessions.

#FundamentalViews#TechnicalViews#WatchOutFor
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