tyre industry is going to face the effects of oversupply soon disclaimer... not an investing/trading recommendaiton
Go to sell, if not reversed from this point dated 04 Jul 18. Its target is 2896 up to 17 Jul 2018.
levels bullish engulf high 3174 low 2971 delta 203 entry 3072.5 target1 3275.5 target2 3478.5 sl 2971
Volumes diminishing CCI(D/W/M)<100 Should look for retracements for buy
BO2 awaited It will Confirm Reversal Confirm Bottom formation Activate TGC Currently CCI (D)>100
TVS Srichakra:3349 is currently trading near a pitch fork channel support, oversold and having a positive divergence. Res:3600_3950 & 4300 support:3300
TVS Srichakra 3022 is at support, a break below this level will take this stock to 2690 first. Rubber prices were reducing, so tyre stocks were up. But without increase in sales, it is going to be hurdle in growth. it may consolidate and touch 2300 eventually before developing further. Viewers, friends, my boss kailasp4u ,please comment, you comments are my...