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Sunday, Sep 03, 2006
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Tata Motors

The price of Tata Motors stayed steadfastly within the range that it had defined the previous week.

The price fluctuated in an extremely narrow band between Rs 840 and Rs 870. Since this consolidation comes after a sharp upward move, the targets on an upward breakout fall at Rs 948 and then Rs 1,017. We need the stock to close above the upper boundary at Rs 870 to take it forward. We recommend buying Tata motors above Rs 870 with a stop at Rs 835. —

Lokeshwarri S.K.

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