Short or Long will fill your pocket on TVSMOTOR?

On the daily chart, Total 3 patterns have been plotted by this TVS MOTOR which is following,

• Two-Channel Patterns
  
• Flag pattern
  

The Price rotation and Tails are important roles to identify the change in it. Presently, the stock price is in a channel with the supply line, therefore we are expected Tail or Overlapping at the value high.

Focus on volume, the volume is rising with a price. If the volume will continue to raise then, we can see up-break out with targets 498-505 but the resistance 463-468 for short sellers and profiting for targets 428-411.

We are seeing an excess at the demand line from which can be certain that a small excess can be found on the supply line.

Resistance for TVS motors between 466-472 range. If anything does not change fundamentally due to this and next week, this stock will take reversal toward 418-400.


The following patterns have been found,


* Triangle (Projected Triangle with breakout point)
* Channel from long-term

We are seeing an excess at the demand line from which can be certain that a small excess can be found on the supply line.

Resistance for TVS motors between 469-472 range. If anything does not change fundamentally due to this and next week, this stock will take reversal toward 418-400.