Tata motor may come to test the level of 161-163. one can take entry at this point. target would be 200.
if we see the volumes , 300 -400 target in 4-6 month period can be achieved easily but current situation of the market is very volatile. long positions should be considered according to risk taking ability .
if we see other side , auto sector should not be affected by market conditions. due to corona fear people will prefer to travel in personal vehicles instead of public transport. demand of ambulances , govt policy of limitation of people in public transport may come in future which will increase the demand vehicles .
currently auto sector is posting good results which is good sign for tata motor . i think one can take risk of holding tata motors
if we see the volumes , 300 -400 target in 4-6 month period can be achieved easily but current situation of the market is very volatile. long positions should be considered according to risk taking ability .
if we see other side , auto sector should not be affected by market conditions. due to corona fear people will prefer to travel in personal vehicles instead of public transport. demand of ambulances , govt policy of limitation of people in public transport may come in future which will increase the demand vehicles .
currently auto sector is posting good results which is good sign for tata motor . i think one can take risk of holding tata motors