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Tata Motors

Last updated : 07 May 2019

Tata Motors is Auto sector stock. Tata Motors NSE Code is TATAMOTORS. BSE Code for Tata Motors is 500570. Face value of Tata Motors is 2. Tata Motors also available for Future and Options trading. Lot size for Tata Motors is 3000. (Time to time lot size changed by exchange, so please check it once before taking any action).

Latest View on Tata Motors

07 May 2019 : Tata Motors closed today at 190.95 down by more than 4%. As mentioned in previous post that 198 is strong support for this stock and it broken today we have seen big selling in this counter. We told to avoid go long in Tata Motors Future till no solid signal in chart. Tata Motors Future slipped to day low 190.40 and closed at 192.05 after settlement. Tatamotors 190 put given good return to trader, from day low 5.25 it moved to 11.10 today. Tatamotors 200 call down to 7.65 from day high 13.85. If market open positive and sustain tomorrow in positive zone then one can take risk in tatamotor 200 call around 7-8 rs with stop loss of 5 rs for target price of 10.50.

06 May 2019 : Tata Motors closed below 200 at 199.80. Made low today 198. Still weakness in chart. One should wait for buy signal in this stock. Tata Motors 210 call one can buy above 10.60 with stop loss of 7 for target 13 / 16. Avoid buying in Tata Motors Future till no solid signal generated in chart.

05 May 2019 : Stock closed at 209.45 in NSE on Friday (03 May 2019), we have seen good rally in this counter in last one month and from level of 239-240, we have seen sell off in this stock and now broken two important support, first one around 219 and second 212 and closed below these level. Now next support around 202-198 range. Market also struggling to cross 11800 mark. Tata Motors will be a good by above 215 in this scenario with stop loss of 198 for short to medium term target 245.

19 April 2019 : Some profit booking we have seen around 237-238 levels. Below 233-234 if stock sustain then we can see further downside upto 228-229 levels.

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