KishanMittal

Tata Motors - What's Next

Long
NSE:TATAMOTORS   TATA MOTORS LTD
Tata Motors is among the heavy weight stock of Auto Sector. With the downtrend in Auto Sectors due to chip shortage it was also suffering which was visible in the price action. However, since chip shortage news has been priced in and the results season are near so have seen a multi month breakout in tata motors.

Now following questions comes up -

What if I am holding? - Hold patiently, if interest to add more you can wait for a pullback cum retest to near about 360 levels.

What if i missed the breakout of 360 level, should i go for it at this price? - I won't prefer to buy it here because from here risk reward ratio will be too low. Rather as said earlier, would go for it after seeing the price action near 360 levels.