Tata Motors Share Price 17th Nov 2015
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Tata Motors Share Price Today was outperforming Nifty along expected lines and we expect the share price to continue to do so. As per our analysis of the share price we are awaiting final confirmation from the stock once we get final confirmation Tata Motors Target for this current move will be min 5-7 percent higher or near 449-475 NSE Spot levels mentioned. Technically The Stock price will be outperforming Nifty on the way towards 8600 so we can expect a minor outperformance not a significant outperformance from Tata Motors. 414 must be taken out with volumes and along with that we must get final Minor trend reversal confirmation form Nifty Futures also.
Overall the stock looks good and we can expect a target of minimum 446 by 15th Dec 2015. If the Share Price does not move past 450 during the final tezi cycle of this year then in that case some short term problems could be seen in the stock hence it must cross 450 during the final tezi cycle of this year. Tata Motors has a hourly swing support now at 392 this level must be used by short term traders as a trailing stop loss for now. Auto Stocks generally could lead the rally towards 8600 and Ashok Leyland is also making all the right things on the charts it could be heading for a 52 week high shortly.
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Tata Motors Share Price
Tata Motors Share Price today 10th Nov 2015 was looking good on the charts despite Q2FY16 results being below street estimates charts are communicating a different picture and if it sustains above 414 in the coming days then we could see significant outperformance from Tata Motors Stock Price in the run up towards 8600. Tata Motors Share Price if sustains above 414 NSE Cash Levels mentioned then we Tata Motors Share Price Target will be 446 in the next few trading days. As of now we do not see any weakness creeping in the Stock Price. The stock price has a 52 week high of 612 and 52 week low of 278 . Post hitting 278 on 29th Sep 2015 the Stock Price has bounce back smartly to 414 today. Buy on dips can be done at appropriate support points. The latest news from the company is that J L R has undertaken a project called Leap 4.5 which will undertake / perform a scrutiny of all process in the U.K. The basic purpose of the project is to reduce cost wherever possible and to enhance productivity in all areas of J L R in the U.K. It is estimated that Tata Motors will save 4.5 Billion pounds over the next 10 years post restructuring of various process. We expect the company to overhaul its procurement procedures, supply chains to name a few. JLR has officially not yet confirmed nor denied Leap 4.5 and the information / news is purely source based.
Tata Motors Share Price Today (9th Nov 2015)
Tata Motors Share price today closed the day higher by 411.75 up almost 4 percent in the recent history the stock price has been very volatile making wild swings on both sides. Now as per our analysis of the stock Tata Motors Share price / Stock Price has good support of 371 and resistance is at 414. Tomorrow if the share price remains stable above 414 NSE Cash Levels mentioned then Tata Motors Share price target for current move will be 446-486 in this current up move / rally towards 8600. We should keep a watch on the DVR prices tonight as they will give us leading indication of what the stock price is going to do tomorrow (10th Nov 2015).
Tata Motors Minor Trend is up / bullish. Tata Motors Major Trend is also up / bullish. We could see significant outperformance from this stock if 414 is taken out tomorrow with above average volumes. The Q2FY16 numbers although below estimates have been digested well by the Stock Market. Also Nifty 50 today did support the stock price as Nifty recovered beautifully along expected lines from the low of the morning session. More updates on the Stock price will be given as and when possible. Generally we do not update on stocks but since some HNI investors have requested me to do so I have analyzed it for them.
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Tata Motors Share Price / Stock Price today was down. The company reported results today which were below street estimates. The company took a one time hit due to Tianjin Port explosion which damaged Land Rover cars. The positive development in the company was sales were seen picking up in USA and European markets.
As per Astro Cycle, Elliot Wave, Gann Wave Tata Motors Minor Trend is up. Tata Motors Major Trend is up / bullish. Tata Motors share price will react to results on Monday 9th Nov 2015 as the numbers reported were post trading hours and once again we are saying the down move if takes place on higher volumes then traders who are long in Tata Motors need to be very careful. Analyst consensus was net profit of 2554 Crores and company has posted Net loss of 424 crores. JLR business too was not that encouraging as the company reported a loss of 450 million pound. Domestic business did improve and the company trimmed its loss to 287 crore. Overall sales of commercial and passenger vehicles ((including exports)) declined 0.4 percent year-on-year to 1,26,690 units compared to corresponding quarter last year. Light commercial vehicle (LCV) segment (mainly SCV) continued to remain weak in quarter, due to the constrained financing environment and lack of last mile load availability, says the company.
Tata Motors has a time cycle support between 9th Nov 2015-13th Nov 2015. If the low made between these dates are held then we feel the Share price / Stock price is headed higher. If the low made between 9th Nov 2015-13th Nov is breached then expect Tata Motors Share Price to move lower by 10-12 percent. We shall update more details on Monday 9th Nov 2015 as trend decider will play out.
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