Chart Check: Breakout from rectangle pattern makes TVS Motor an attractive buy; likely to hit Rs 1,400 in short term

Shares of TVS Motor Company could see an uptick towards Rs 1,400 level according to experts, following a breakout from a Rectangle pattern on the weekly charts. While consolidation or profit booking could happen in the short term, experts recommend traders buy the stock on dips as long as it stays above Rs 1,155 levels on a closing basis. The moving average convergence/divergence indicator (MACD) is above its center and signal line, implying an upward trend. The RSI on the weekly timeframe also reflects positive momentum.