Tata Motors may come down to Rs 200-140: Kedia

Tata Motors may come down to Rs 200-140, says Sushil Kedia, President, ATMA.

Kedia told CNBC-TV18, "There is a very strong consensus on Tata Motors to go to Rs 350 or those kind of numbers. I see on the chart of Tata Motors a long run, it is in a very strong bull market. The recent up move from Rs 142 here is an irregular flat V wave. We will see howsoever difficult it is to explain on new stories or the visible fundamentals, a drop back to at least Rs 200. I can't rule out a slight down to Rs 140.
He further added, "How and when it will get triggered it will come out in time, but once this correction down to Rs 200-140 is done with, that