Sell TVS Motor, target Rs 277: Rakesh Bansal

Rakesh Bansal, Vice President at R K Global is negative on TVS Motor. The expert has advised traders to sell the stock with a target of Rs 277 and maintain a stop loss at Rs 304 in intraday trade. The stock has hit a high of Rs 297 and low of Rs 291.80 in trade so far. The stock, which was taking support from its 100-day moving average for some time, has breached below it. The 200-day moving average now stands at Rs 274.81.