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Sunday, August 19, 2007

TVS Motors..@ 55.1




When this stock hit 130 a few months back, I was left wondering if this stock demanded such premium valuations..Now after nearly 75% downmove, the scrip has tested its support levels at 54-55. A move below would signal bye bye ,whereas , if it can hold on to this level, the scrip can weave back to 70 levels. Observe that ths scrip is confinned to a triangle pattern formation on the longterm charts..
Buy with a stop loss at 54..

People should learn to love animals...


They are so tasty...

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