Tata Motors is now in the Buy Zone. I have already bought 500 shares at 66 and I plan to keep buying all the way till 25 if it drops there.
My first target will be at 140 which is at the top of the short-term price channel.
My next target is at 280, which happens to be the previous support turned resistance.
And my final target is 600. I expect 3-6 years before...
TATA MOTORS - is a Tata group flagship company which has investors sitting on heavy notional losses
fundamentaly the company is on right path with Investments into EV, new launches & divestment of JLR
May 2004 - low of 59.35 - marked with Flag
July 2004 - low of 62.95 - marked with Flag
May 2009 - low of 48.80 - marked with Flag
July 2009 - low of 50.30 - marked...
Tata motor after a correction of aprox 90% from top forming a very rat monthly divergence.
The stock can form bottom very soon.
Level to watch 50-60 for bottom.
We can expect 600 target in few years after bottom is done.