TVS Motor may soon cross Rs 1,000-mark; chart strongly in favour of bulls

In the past, the stock had soared up to 7-fold on two instances, a similar trend seems to be playing on the long-term charts currently.

Shares of TVS Motor Company hit a new historic peak at Rs 886.30 on July 01, 2022, and have so far rallied 33 per cent on a YTD (year-to-date) basis. In May alone, the stock has soared 15 per cent .

According to the technical analysis, shares claiming new all-time highs are said to possess strong underneath strength, robust momentum and an attractive volume, as everyone wants to grab a piece, hence highly preferred among the investors.
 

Technically, sustainability over Rs 806, its previous peak, augurs well for the stock and opens the door for its next rally. With