indiamarketoutlook

Tata Motors: What a rally... is it going to stop or continue ???

Long
NSE:TATAMOTORS   TATA MOTORS LTD
Tata Motors
Closing price 172

The stock has seen a stupendous rally from lows of 60 odd levels

This is our view mentioned earlier

Were we lucky to catch the bottom around 70 odd levels...???
We did book profits around 115 and again re - entered at sub 100 levels...

My firm belief is, in stock market, with analysis and knowledge, you tend to feel lucky more often... :-)

What you want to believe, well I leave that choice to you...

Coming back to analyzing current set up

we observe
- the stock has given a break out
- any dips towards 158-160 levels may be a good entry opportunity

Target potential 198 / 228-236 / 266 odd levels in medium term

Pattern gets invalidated if weekly close is below 135

All the best....!!!

Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Trade active:
Need we say anything more...

Happy trading...!!! 😊

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