Should not enter Tata Motors at current rate: Mileen Vasudeo

ET Now spoke to Mileen Vasudeo, Technical Analyst, Angel Broking, for a technical check on Tata Motors and Financial Technologies.

Your view on Tata Motors and Financial Technologies.

If you see Tata Motors, it is quite stretched on the daily charts, so one should not enter at current rate, just trail your stop loss in this but current position in Tata Motors is impossible because the risk-reward ratio would not match on it.

Coming to Financial Technologies, yes, today we have seen a good move but still a confirmation is required in Financial Technologies because the trend is down, so one should wait for a higher top higher bottom to form in Financial Technologies, then only enter for a long position in Financial Technologies.