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Stock Discussed Today : TATA MOTORS LTD.
Everyone knows about the Company, so no need to discuss anything about it .. Let's See the Chart !!
This is a Chart of Weekly Timeframe. Looking at the Chart, we can see the Stock was under pressure and corrected big time from 700+ levels to almost 60 Levels. The Downtrend was spread over last few years.
Now it's clear that the Falling Trend Line is broken and stock is Now Moving above the Falling Trend line indicating the Long Term Down Trend may be over for now.
The Stock has also broken important Resistance around 155, This Level may work as a Strong Support for Longer Term and May be the Good Level for Entry if any correction is done in near term. Next Big Resistance is Near Psychological level of 200.
We recommend the Stock for Positional short Term Holding of 12-18 months.
Recommendation :
TATA MOTORS LTD.
Trade : Buy
Range : 160-170
Stoploss : Closing Below 140
Targets : 199 - 244 - 266 - 333 - 444
Time frame : 12 - 15 months
Do Not Invest if you need Overnight or Intraday gains, This is Not a Overnight Trade.
One Can Accumulate the Stock Slowly upto 160, Start Small, Increase the Qty while buying Every Dip.
Warning :
- The Stock has underperformed for a Longer period, so trade Carefully
- Though The Stock is doing good Fundamentally, their is always a Risk Associated with the Stock Market Investments.
- Do Not Trade with leverage
- Do not Overtrade and Jump in trades.
- Consult your Financial Adviser before jumping in the trade.
Disclaimer :
The Analyst Atul Shinde is a Global Market Expert and Certified Financial Adviser, He is Having more than 13 years of Experience in Analysis of Global and Domestic Markets and Managing funds for Overseas Investors.
The Adviser may be Contacted on following Details :
WhatsApp : (+91) 8275 298 208
Email : paidsignals@gmail.com
Web : http://planmymoney.in
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