TVS Motors has more room for upside: Sameer Shetye, AK Stockmart
Normal volumes on this counter are close to 25 lakh. Today we have seen volumes close to 1.5 crore.
By 
|
| Sameer Shetye, Derivatives & Technical Analyst, AK Stockmart in a chat with ET Now talks about TVS Motors.
What do you do with TVS Motors?
As far as TVS Motors is concerned, TVS Motors has given a breakout today on very good volumes. Normal volumes on this counter are close to 25 lakh. Today we have seen volumes close to 1.5 crore. So in TVS Motors, one can initiate a trade on dip till 81-80.50 levels for a target of close to 90 levels. So TVS Motors in my opinion has more room for the upside at this particular moment and should I initiate a long in TVS, I would keep a stop of 78.50 levels.
What do you do with TVS Motors?
As far as TVS Motors is concerned, TVS Motors has given a breakout today on very good volumes. Normal volumes on this counter are close to 25 lakh. Today we have seen volumes close to 1.5 crore. So in TVS Motors, one can initiate a trade on dip till 81-80.50 levels for a target of close to 90 levels. So TVS Motors in my opinion has more room for the upside at this particular moment and should I initiate a long in TVS, I would keep a stop of 78.50 levels.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
