Safe Buy for Medium term to long term- Tata Motors
Buy TATA Motors below 750.
Stop loss 600 on closing basis.
Targets - 770/800/850/940/1080/Higher
Time frame - Minimum 6 months or more.
Buy in delivery.
This stock has bottomed out and the downside risk seems minimal at this level.
It has corrected 49% from the high of 1365 on 22 Dec 10.
Tata Motors has a major support @ 610 and there are little chances that this support would be tested. However, this stock can be bought more if it trades below 680.
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