Buy Tata Motors with a stop below Rs 244: Rajat Bose

Rajat Bose of rajatkbose.com in a chat with ET Now shares his views on Tata Motors.

ET Now: What is your call on Tata Motors?

Tata Motors is a 2-day trading idea. The time when I sent you the recommendation, it was around 250, now it is 251.5. I am looking at a target of 258 to about 259 on the upside and put a stop below 244. Tata Motors is likely to show a recovery. It may not be showing as stellar a performance as Maruti but then definitely since it has tested 200-day exponential moving average or when very close to that, there is a possibility of a pullback and this pullback is already happening. So we might see 258-259 on the upside.