TVSHLTD BrokeOut of a major resistance that formed since Nov 2024. On a daily basis, the stock did retest the trendline and moved up today which is a positive indication. This was accompanied with good volume. In the Weekly timeframe the stock is indicating bullish momentum as well as Short-term EMAs are in PCO state.
On the upside, we may see the stock reaching 14,495 levels if the momentum continues. While on the downside, it may reach 11,667 levels as well if there is a trend reversal.
Keep watching the price-action !!
On the upside, we may see the stock reaching 14,495 levels if the momentum continues. While on the downside, it may reach 11,667 levels as well if there is a trend reversal.
Keep watching the price-action !!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.