October 16, 2015
TVS Motors (NSE Cash)
BUY
` 239
` 247 - 245
` 262
5-10 sessions
242
239
254
262
Bullish
Source: Falcon (Chart time - 12:45 IST)
On October 07, 2015, the stock has given breakout with healthy volumes. But, post the
breakout, the stock has started moving in the sideways direction.
In the corrective price action of last 4-5 sessions, the stock is taking support of the short term
moving average i.e. ‘5 EMA’ on the daily chart and showing some strength from last few
trading sessions.
The ‘RSI - smoothened’ oscillator continued to move higher above its average in the daily
chart, indicating strength in the counter.
Considering the current chart structure, we advise traders to buy this stock from current level to a
decline up to ` 245 for a target of ` 262 in coming 5 to 10 trading sessions. The stop loss for this
trade set up can be kept at ` 239.
October 16, 2015
TVS Motors (NSE Cash)
Last 6 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
SL Triggered
09-10-15
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800
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867
Book Profit
08-10-15
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593 - 597
569
558
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614
SL Triggered
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Bank of Baroda
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185 - 184
-
196
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179
Target Achieved
18-09-15
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772 - 776
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710
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804
SL Triggered
09-09-15
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BUY
784 - 780
-
824
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761
Target Achieved
08-09-15
LT
BUY
1523 - 1515
-
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-
1470