Sandeep Wagle of powermywealth.com told CNBC-TV18, "In Tata Motors Rs 440-430 levels is where I look at a strong support in case that is broken Rs 415-405 is the range, I would advise to average."
"If one has a long-term view in mind which is the next 6-12 months, I would consider this still as a safe trade as long as the stock doesn’t go below Rs 350. So that can be a stoploss. On the upside, I would look at Rs 580-600 target given 16-18 months’ time horizon," he added.
Tata Motors ended at Rs 436.55, down Rs 50.25, or 10.32 percent on the BSE.