Currently the price is moving in a channel
Election Results might skyrocket the stock price irrespective of the elected party
The price action of 16th May, 2014 (Election Result) will give you a clear picture.
After a brief meaningless rally last week, TATAMOTORS failed to cross 200 level for the third time
A bearish divergence with breaking down of two important levels suggest further fall after a minor pullback as shown