Stock Technical indicators to notice in TVS MOTOR COMPANY LTD (TVSMOTOR.NS)
1- Last bearish trend was from 53.75 $ (12/26/2011) to 46.55 $ (1/6/2012) a 7.20 $ move 2- The current bullish trend started from 46.55 $ at 1/6/2012 and is currently trading at 53.60 $.
4- TVSMOTOR.NS current resistance level is at 53.75 which is the 100.00 % fibonacci retracement of the last 7.20 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
TVS MOTOR COMPANY LTD (TVSMOTOR.NS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 53.750 and 54.150 that was broken up at 53.650 transforming into a supporting line.
TVS MOTOR COMPANY LTD (TVSMOTOR.NS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 53.750 and 68.700 that was broken up at 49.300 transforming into a supporting line.
TVS MOTOR COMPANY LTD (TVSMOTOR.NS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 53.750 and 68.700 that was broken up at 49.300 transforming into a supporting line.
Stock Trading Conclusion:
TVS MOTOR COMPANY LTD (TVSMOTOR.NS) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 53.75, 55.71, 58.20.
Stock Support levels : 52.77, 51.94, 51.00, 50.91, 50.15, 50.07, 49.30, 49.24, 48.25, 46.55, 44.86,.
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