Today I detected a “Bearish REG” chart pattern formed on TVS Motor Company Ltd. This bearish signal indicates that the stock price may fall from the close of 683.65 to the range of 630 – 620. The pattern formed over 49 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of classic technical analysis. Please make a note here, do not make any short till price not close below 676.
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