BUY : TMPV-EQ( TMPV ) [3456]

🧾 Trade Rationale: TMPV-EQ (TMPV)
Segment: Cash | Call Type: BUY | Duration: BTST/STBT

📊 Technical Analysis:

TMPV is showing a strong bullish reversal pattern on the daily chart after a brief consolidation phase. The stock has formed a higher low structure, indicating accumulation at lower levels near ₹407–₹410 zone.

• Price Action: The breakout above ₹414 has confirmed short-term strength with volume expansion, suggesting participation from active traders.

• Moving Averages: Price has crossed above the 20-day EMA, signaling a short-term trend reversal.

• RSI: The Relative Strength Index (RSI) has turned upward from the 55 zone, reflecting renewed buying momentum.

• Support Zone: ₹407–₹410 acts as immediate support.

• Resistance Zone: ₹423–₹430 remains the near-term target band.

💡 Fundamental/Market View:

TMPV is witnessing positive traction in the auto segment amid strong festive demand and improving rural outlook. The company’s recent monthly sales data hinted at sequential improvement, which can support a short-term price uptick.

⚙️ Trade Setup:

• Entry Range: ₹415

• Stop Loss: ₹407 (below recent swing support)

• Target 1: ₹423

• Target 2: ₹430

• Upside Potential: ≈8%

🧠 Analyst View:

Given the strong breakout with rising volumes and favorable short-term structure, TMPV is likely to outperform in the next 1–2 sessions. Traders can look for a BTST opportunity, keeping strict risk control below ₹407.

RA Name: Manjushri Sharma

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