Pull back on TVS Srichakra on EOD and entry 2520 and exit zone 2600 to 2640. Average points to gain 100 and which is 4% of stock value. Duration of holding probably 3 to 5 days.
Note: Suitable for swing traders only.
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.
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