TVS Motor, one of the country s leading two-wheeler makers released its Q3FY24 earnings today, posting a 68% jump in its standalone net profit at ₹593.35 crore as compared to a net profit of ₹352.75 crore in the same period last year.
Tata Steel saw a rounding base formation on the daily chart. It also formed a strong bull candle with high volumes, which suggests the momentum on the upside is likely to continue.
TVS Motor on the weekly chart has decisively broken out above the medium term 'Consolidation Zone' between Rs 1,180-960 with strong bullish candle indicating a range bound breakout.
Asian Paints has formed an elevated base around Rs 2,700 and after consolidating for a prolonged 3-month period has marched forward to break past the consolidation zone.