Tata Motors can go up to 1325-1330 levels: Sameer Shetye, AK Stockmart
Tata Motors has been doing pretty well since the past 2 weeks.
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| Sameer Shetye, Derivatives & Technical Analyst, AK Stockmart in a chat with ET Now talks about Tata Motors.
What do you do with Tata Motors?
As far as Tata Motors is concerned, the stock has been doing pretty well since the past 2 weeks. The stock is up on very good volumes. Earlier at roundabout 1220 levels, Tata Motors had given a breakout on daily charts. It is moving upward sloping channel and given a volume breakout. So I think that the stock can well go up to close to 1325-1330 levels. These are levels where I would like to book my profits because that would be a decent move and the breakout move could possibly exhaust itself so Tata Motors I am looking at levels close to 1325 and I would book my profits there.
What do you do with Tata Motors?
As far as Tata Motors is concerned, the stock has been doing pretty well since the past 2 weeks. The stock is up on very good volumes. Earlier at roundabout 1220 levels, Tata Motors had given a breakout on daily charts. It is moving upward sloping channel and given a volume breakout. So I think that the stock can well go up to close to 1325-1330 levels. These are levels where I would like to book my profits because that would be a decent move and the breakout move could possibly exhaust itself so Tata Motors I am looking at levels close to 1325 and I would book my profits there.
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