LONG TERM DELIVERY CALL
Buy and accumulate TATA MOTORS (Cash/Future) in the range of 450---420 as an positional call.
Stop loss below 350. Target 600+.
Stop loss below 350. Target 600+.
Lot Size : 1500.
Time frame 3-4 months
Resistances: 460--490--550--575--590--600.
Tata motors has given a breakout and this is looking good for long term perspective.
Technically this is third leg of Elliot wave and this is the steepest wave thus best time to enter in a stock.
Fundamentals
Market Cap: ₹ 135,934.53 Cr.
Current Price: ₹ 421.25
Book Value: ₹ 208.44Stock
P/E: 10.27
Face Value: ₹ 2.00
Week High/Low: ₹ 490.25 / ₹ 265.80
Strategy:Buy and Accumulate on lows and correction and maintain strict stop loss as provided.
More will update soon!!
