Tata Motors (DVR) can test Rs 190-192: IIFL

Tata Motors (DVR) can test Rs 190-192, says Amit Harchekar of IIFL.

Harchekar told CNBC-TV18, “Tata Motors is looking extremely good on charts, especially Tata Motors DVR, which has again breached important resistance of Rs 180 levels. So, I believe this stock would outperform further."
He further added, "Tata Motors (DVR) has further room to move towards Rs 190-192. So, that could be the area where you can expect some profit booking, but for the broader market, I believe the market seems to be trading into a resistance zone and once Nifty starts moving below 5300 even the strength in the auto could finally lapse."