Stock of the day : Tata Motors Ltd For Target Rs. 658 - Religare Broking Ltd
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TATA MOTORS LTD
* Tatamotors has been in steady uptrend from last more than 6 months with supportive volumes.
* After steady upmove, it is now consolidating in symmetrical triangle pattern holding above its short term moving average.
* Price pattern coupled with positive positioning of momentum indicator suggests bullish tone to continue.
* We thus recommend initiating fresh longs in the mentioned range.
Buy Tata Motors Ltd CMP 630.55; Range 626-630; SL 614; Target 658
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SEBI Registration number is INZ000174330
