Tata Motors can slip to Rs 200-180, says Alpesh Furiya of Panorama Technical's.
Furiya told CNBC-Awaaz, "Tata Motors is looking negative on chart, Q4 result also below the market expectation. The whole auto stocks are looking under pressure; we can see level of 200-180 in Tata Motors at downside in coming days."
The company touched its 52-week high Rs 320.60 and 52-week low Rs 137.65 on 20 Apr, 2012 and 13 Sep, 2011, respectively. Currently, it is trading -24.1% below its 52-week high and 76.79% above its 52-week low.
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