surajagarwal15743

TVS Motors - Inverse H & S pattern

NSE:TVSMOTOR   TVS MOTOR CO
- the stock is facing resistance near the levels of 520-525

- One it decisively breaks-out, 525, it can be bought with the target of 570-75 levels.

- Although MACD is converging and RSI also entering overbought zones, it indicates the breakout is not coming any time sooner

- The volume is also disappearing, hence if breakdown for 515 levels, the next target will be around 475-480 zones

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