-------- Forwarded Message --------
Subject: Tata Motors: Worst May Be Behind; But Struggling For Better Times ??
Date:   Mon, 16 Nov 2015 08:40:48 +0530
From:   Asis Ghosh <asis...@gmail.com>
Reply-To:       asis...@gmail.com



*For Tata Motors 420-430 May Be Proved As A Strong Supply Zone *


*CMP: 404*
*
*
*Sell on rise near 420-430;*
*
*
*TGT: 395-375-350 (1-2M)*
*
*
*TGT: 328-308-280 (3-6M)*
*
*
*TSL> 440*

Note: Consecutive closing above 435 for any reason, TM can scale to 448-452 zone in the near term, which is again a strong supply zone for it. Only sustaining above 452, TM may rally up to 475-492 & 510-532-575-612 zone in the mid to long term and in that scenario, "Sell" position should be reversed.

TM is a great stock for portfolio buying; but considering the risk reward ratio and trading purpose, buy on major dips near 328-308 might be better. It has a good rally amid various positive news flows recently and may retrace to some extent as the market has already digested those positive events. It is purely a "technical" view.

To be continued for more news inputs & rationale-----




*Analytical Charts:*


<http://2.bp.blogspot.com/-A_jDecTBp9U/VklGjIbOs-I/AAAAAAAAE5U/cS4IOhygIkg/s1600/TM-13-11-2015.png>

<http://2.bp.blogspot.com/-aKH8jipr_sc/VklGmBf8ZNI/AAAAAAAAE5c/G0-euNOiWzI/s1600/TM-FIBB-13-11-2015.png>

<http://1.bp.blogspot.com/-jPbL-0Anroo/VklGoD9Q_AI/AAAAAAAAE5k/ioGcfP-gp-w/s1600/TM-WK-13-11-2015.png>

<http://1.bp.blogspot.com/-7e3Id_dN2zk/VklGr0nR40I/AAAAAAAAE5s/EgezIdOdZD4/s1600/TM-PATTERN-13-11-2015.png>

<http://3.bp.blogspot.com/-nT-vEsvdVlw/VklGv0nEGRI/AAAAAAAAE50/D7R6EFyWIhc/s1600/TM-TL-13-11-2015.png>

<http://4.bp.blogspot.com/-oyTPLkTeoXg/VklG0eL1DoI/AAAAAAAAE58/xcCxeHhFbfo/s1600/TM-EW-M-13-11-2015.png>

--
Thanks & Regards,

Asis Ghosh
(asisghosh.blogspot.in)
NCFM-TA Certified



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