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Saturday, October 25, 2014

TVS MOTORS

TVS MOTORS CMP 255.35
This share has made a triangle and and break out occurred with good volume. the share is traded above rising 50, 100 and 200 dma's. It is under accumulation and is outperforming nifty. The share is in trending zone. Most of the momentum indicators are in buy mode. Most of the volume indicators are supporting the uptrend.

CONCLUSION:I PREFER TO BUY BETWEEN 252 AND 242 AND HAVE INITIAL STOPLOSS AT 214 AND BOOK PROFIT OR EXIT WHEN THE SHARE CROSS DOWN THE FOUR DAYS LOW
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