As the automobile sector is performing well in the market. I came across TATA MOTORS, one of the biggest automobile company in the world. When we look at the fundamentals of TATA MOTORS, we can see that it is not performing in a better way. It has high debt, has less return than FD. When I am writing this article, the stock was in the overbought zone. Byt by considering the price action in its chart. We can see an important thing, after 2004, its the first time, tata motor share is trading this low. It has taken the support of a very good point. This suggests that stock can go up. And according to my analysis, this stock can give a 30 to 39% returns in 2 months.
"My Personal View Only, not a suggestion for anyone"
"My Personal View Only, not a suggestion for anyone"