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Tata Motor

Discussion in 'Technical Analysis' started by sachinmore08, Sep 8, 2012.

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  1. sachinmore08

    sachinmore08 New Member

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    Is it a buy if price breaks above 251 with stop loss of 226 ?? But there is again immediate resistance at 260 ..I am bit confused not able to take a call here ..pls guide what should be the strategy in such scenarios.
     
    sachinmore08, Sep 8, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    260 was a support which was broken and then 250 is clear resistance but then don't take them as 2 different levels and so at 250+ levels should be a good buy.
     
    shabbir, Sep 8, 2012
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  3. sachinmore08

    sachinmore08 New Member

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    Today it broke above the 251 resistance level with good volume and it made more then 5% in single day...do you think one can enter at CMP ?
     
    sachinmore08, Sep 13, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Should be a good entry for this stock.
     
    shabbir, Sep 13, 2012
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  5. sujan4bw

    sujan4bw Member

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    Tata Motors is very much dependent on Nifty Index. It's a part of Nifty 50.

    If nifty correct say 100 point, eventually stock would also correct at least 10 point. There are other stock which go against Nifty trend though it corrects in Nifty 50.

    As per my knowledge its not good for Investment purpose. But can be played in Cash or FNO by looking at the trend.

    Shabbir, correct me If I'm wrong here.
     
    sujan4bw, Sep 14, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Every stock that is part of Nifty and has good weight in Nifty would be behaving like that and Tata motors is no different.

    Regarding Nifty gap up today I think is mainly based on momentum and so ride the momentum as of now.
     
    shabbir, Sep 14, 2012
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  7. yankeedin

    yankeedin Responder

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    tata motor support at 260

    tata motor has strong support at 260. I suppose it can be bought at cmp with sl of 258 . Kindly share your views
     
    yankeedin, Oct 25, 2012
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