However, during a recent period, it resumed upward rally, taking a strong support at Rs 512 levels.It also managed to breakout from 100 days moving average level placed at 549 and formed a substantial volume growth.The momentum indicator indicated a positive trend with RSI at 62 levels, while MACD is likely to make a bullish crossover in the next few sessions. We have a BUY recommendation for TVS Motor which is currently trading at Rs. 569.50Despite witnessing a false breakout during the opening session this week, New India Assurance continued to consolidate over the last six month period from the highs of Rs 373 levels.It further slipped below 200 days moving average level placed at Rs 329 levels, indicating a negative trajectory for the scrip.The volume growth remained subdued throughout the session as momentum indicator continued to indicate consolidation phase.
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