TVS Supply Chain Share is getting buzz around the world of Indian stock market. The stock got listed on NSE at an opening price of 207.10 on 23 August 2023, high of 208.60 and low at 199 in its first trading session.
The first 15 minute candle was volatile with around 10 points move and price remained moving between 3-4 points for the whole day and closed at 201.
TVS Supply Chain Share IPO Result
The share has failed to deliver expected returns for the IPO Holders as it was subscribed 2.85 Times but still the investors received mild profits in the opening and also there was no follow up buying. As a result, we have seen profit booking in the share and finally closed at 201 for the day.
Now the question is should you exit or hold it? Let’s find out the solution based on a simple strategy as discussed below:
TVS Supply Chain Share Trading/Investment Strategy
We are going to share a very simple strategy for TVS Supply Chain Share Price based on techincal aspects of this share.
Identify the High and Low of the share as on 23 August 2023, Mark a horizontal line at High & Low. After this wait patiently until price breaks either side.
When price breaks up or downside marked lines then plan an entry upon retest and maintain your position sizing.
TVS Supply Chain Share Price Target
The first short term target for the TVS Share Price is 212 if breakout a breakout happens. In case on breakdown, we can expect the target of 190.
Long Term Target for TVS Supply Chain Share are 225, 239 and 299 in the next 3 months. We can expect these targets only if the price sustains above 220 in the coming week.
