Is It Right Time To Invest In TATA Shares?

  • Stock Market Analysis
  • Editors Pick

TATA has taken over the Air India and all shares of TATA group has rocked in last two week. In history, no one has bought a loss-making company like Air India. It is very positive for Air India and one more time TATA group has shown their kindness. Let's come to the shares of the TATA group.

Tata Motors Ltd (NS: TAMO ): This stock was in a downtrend from 550 till the first lockdown end. After that TATA motor has changed and shown back to back rally. The reason was vehicle scrap policy and then the stock has taken rest for 6 months. Again stock is running very well due to EV vehicles and government subsidies against EV vehicles. Right now stock price is trading at resistance and it is not the right level to enter. If you want to invest in TATA Motors then wait for some profit booking or break to 550.

TATAMOTORS_2021-10-17_19-18-04

Tata Power Co. Ltd (NS: TTPW ): Tata Power is running with extra power and the reason is EV vehicle plus government contract of EV vehicle charging station. However, the stock has given breakout in the last month and now trading at a lifetime high. This stock is also overvalued as per the chart so it is not good to go here. We have to wait for some pullback.

TATAMOTORS_2021-10-17_19-18-04

Tata Steel Ltd (NS: TISC ): It is also made a lifetime high around 1550 and then got cool off. It came down till 1250 and now taking a U-turn. However, there is less strength in current candles so we have to wait for some strong confirmation then we will pick it.

TATASTEEL_2021-10-17_19-26-11

ORIGINAL POST

--------------------------------------------------------------------------------------------------------------
Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.
--------------------------------------------------------------------------------------------------------

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
  • Nayeem Movies @Nayeem Movies
    Is it Right time to Invest in Tata Motors?
    Like 1
    • Sagar Rajput @Sagar Rajput
      @Nayeem Movies wait for dip for breakout, right now it is overbought
      Like 2
    • Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

      Error: File type not supported

      Drop an image here or

      100
  • Gaurav Kumar @Gaurav Kumar
    If someone has already made positions in TATAPOWER she/he shall hold… stock has already broken upper circuits and trading near second upper circuit.
    Like 1
  • Rangan Hans @Rangan Hans
    Tata power js good for long term. There will be shift in the way if energy consumption in India.
    Like 2
  • Anandappa Idegottalu @Anandappa Idegottalu
    tata power May go up like jsw energy
    Like 1
  • Pranay Goyal @Pranay Goyal
    i have also been tempted to buy the stocks past 2 days. but seeing how overbought the stocks are i think we should take some time to make position and let the scrip cool off.
    Like 1
  • Pranay Goyal @Pranay Goyal
    i have also been tempted to buy the stocks past 2 days. but seeing how overbought the stocks are i think we should take some time to make position and let the scrip cool off.
    Like 0
  • Pranay Goyal @Pranay Goyal
    i have also been tempted to buy the stocks past 2 days. but seeing how overbought the stocks are i think we should take some time to make position and let the scrip cool off.
    Like 0
  • Ankit Lekhwar @Ankit Lekhwar
    tata power is only good buy till 450.
    Like 0

Related Articles