Stock Recommendations - Buy Tata Motors On Declines

4 comments
The medium term of trend has still maintained over here. If you look at the price momentum which the stock showed towards the end of February and March, it was a good consolidation between the range of 295 to about 265 before we finally got a break out above that with the JLR IPO news coming into play. 

Any declines to 300 to about 296-297 just beyond the breakout level should be used to now buy into it. The risk reward equation could be very good because than you just have to place a stop below 288 and look for a price target of 325 on the upside. So, just wait for this correction to possibly give some more gains and that could be a good buying opportunity. 

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