Tata Motors Share Price 26th Nov 2015
Tata Motors share price has been consolidating in a range of 418-392 for the past few trading days Nse spot rates mentioned. The chart pattern in formation does look encouraging and short term traders can look to buy the stock on dips towards 392 with a stop loss at 389 Nse spot levels mentioned. Overall once the share price moves above 418 with volumes a higher bottom will be confirmed at 392 and then as per our analysis of the share price and charts we expect the share price to near 446 which can be taken as the first target. The maximum upside we see for the share price or stock price is 486 in this current round or final tezi / bullish cycle for this year. So our advice to traders is not to get over exited in Tata Motors it has to be taken as a trading play for now and by no means are we suggesting that it is a buy and hold. Longer term money can only be made in Tata Motors if you are trading in and out of the stock for the next 12 months only after Nov 2016 do we see a good astro cycle in Tata Motors that will give us a buy and hold trade but we do not see that kind of opportunity in Tata Motors over the next 12 months.
Most of the Stock Market analyst are not bullish on Tata Motors in the short term but we feel after a good rising cycle the share price is just taking a breather and since it in in a small range consolidating we expect the upward trajectory to resume soon. Tata Motors over the next 12 months as per our analysis of the share price will be in the range of 486-495 on the upside and 300-320 on the lower side. So the strategy will be to trade in and out of the share price. If you are not a fan of trading in and out or taking positional trades then it will be better to focus on Sugar Sector. Sugar sector is a buy and hold trade so you can buy Renuka Sugar, Eid Parry and bajaj Hindustan on dips.
Tata Motors Share Price Target for Dec 2015 will be 446, As per our prediction Buy and Hold will not make good money in Tata Motors over next 12 months.
Good Trading To You!