SuyashK

Tata Motors - A delusional rally

Short
SuyashK Updated   
NSE:TATAMOTORS   TATA MOTORS LTD
Technicals in TATA Motors are not the best indicator currently. My intraday positions in this script have been almost daily since the disastrous Q3 numbers & the subsequent crash. Make money with me.
At current levels,Tata Motors is a short. Stop Loss 196.5, Target 174-178 (Intraday traders must observe before entering, entry point is very important for scripts like Tata Motors)

P.S. Current rally in my view has been orchestrated by heavy buying by one of the owners of Tata Group which can be expected to subside now.
Comment: Trade performing beautifully. Short call continued for target 174, SL revised to 185.4
Comment: Tata Motors has moved downward but not as fast as my analysis had hinted, in the coming days it will hit the below target in max 3 trading sessions, accuracy probability is 80%+ on this call. Make money with me. :)
CMP: 181.7
Revised SL: 184
Target: 168
Order cancelled: Cancelling the call

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