Buy Tata Motors at around Rs 335-340: Aditya Agarwal

Aditya Agarwal of Way2Wealth is of the view that one may take long positions in Tata Motors when the stock comes in range of Rs 335-340. “One may take long position in Tata Motors (DVR) with a target of Rs 180-185,” he adds.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney
moneycontrol.com

Home » News » Stocks Views

Sep 10, 2013, 05.32 PM | Source: CNBC-TV18

Buy Tata Motors at around Rs 335-340: Aditya Agarwal

Aditya Agarwal of Way2Wealth is of the view that one may take long positions in Tata Motors when the stock comes in range of Rs 335-340. “One may take long position in Tata Motors (DVR) with a target of Rs 180-185,” he adds.

Like this story, share it with millions of investors on M3

Buy Tata Motors at around Rs 335-340: Aditya Agarwal

Aditya Agarwal of Way2Wealth is of the view that one may take long positions in Tata Motors when the stock comes in range of Rs 335-340. “One may take long position in Tata Motors (DVR) with a target of Rs 180-185,” he adds.

Post Your Comments

Share Cancel

Aditya Agarwal (more)

Sr Derivative Analyst, Way2Wealth | Capital Expertise: F&O

Aditya Agarwal of Way2Wealth told CNBC-TV18, " Tata Motors has given a good breakout in today’s session. It was trading in the range of Rs 325-330 on the higher side and on the lower side Rs 275 was the support area. Today this stock has already given a good breakout and we had seen a rally of more than 7 percent.”

He further added, “On higher side, we are expecting that Rs 360 will be the area where we can see some supply in Tata Motors. So at this level, Tata Motors is not giving you a better buy opportunity because the stop loss is not coming in favours of the buyer. However, overall structure is positive.”

“If there is any profit booking and the stock comes in the range of Rs 335-340 that will be a good time when one can make long position in Tata Motors. If we compare Tata Motors (DVR) then it is still looking bullish. We are expecting the Tata Motors DVR may see some more buying from these levels and it may outperform Tata Motors in short-term. So with a target of Rs 180-185, one can make long position in Tata Motors DVR.”

Disclosure: Stock which we have discussed, they have recommended to their clients also but personally he does not hold any position.

Buy, Hold, Sell ? Hear it first on M3
Buy Tata Motors at around Rs 335-340: Aditya Agarwal

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login