The Best Week to Buy Stock – TATA MOTORS LTD


                  Weekly View Of TATA MOTORS

This counter is in a downtrend and remains an under performer. It is moving in a well-defined down sloping channel since the highs of Rs 598 per share registered in September 2016. It again approached the demand line of the said channel, which attracted buying support and propped up prices from the lows of Rs 330 per share a couple of weeks back.After retracing major part of the said pullback rally from Rs 325-372 levels, this counter appears to have formed a base around Rs 332 per share and looks ready for a take-off. Hence, positional traders should go long for an initial target of Rs 372 per share with a stop below of Rs 325. The ILCV segment grew 24 percent to 105,000 units last year from 85,000 units in 2016-17. Tata Motors' sales within this segment grew by 37 percent to 46,200 units.

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