Look into the chart. Tata Motors if cross 180 level than ti could show us more increasing levels. If Tata Motors move back from 180 level, this could be a downward trend. Be cautious while take trade.
Short Between 380 to 390 On Monday with SL 406
Target 452 in week
Try to Short on Monday With Stop Loss Previous Day High
IF Open above Previous Day high then Wait to Touch 494 then Short with SL 406
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Tata Motors had acquired JLR from Ford Motor Company in 2008 for net consideration of US$ 2.3 billion. Tata Motors also derives close to 80 percent of its revenues from JLR and is hence highly dependent on the UK luxury vehicle brand.
Tata motors Daily chart shows that the price is sitting on support at 160 levels.
At the same time, one can see Bullish Divergence which indicates a bounce from here.
If 160 level fails, Stock will find support at 134-140 levels.