why they are not asking you to exit here and enter below 100 points ....Some thing wrong na ???
please have a look ...
Hold Tata Motors, says Thacker
Published on Wed, Sep 01, 2010 at 14:42 | Updated at Wed, Sep 01, 2010 at 15:16 | Source : CNBC-TV18
Hold Tata Motors, says Technical Analyst, miteshthacker.com.
Thacker told CNBC-TV18, "Tata Motors is trading at all time high, it’s very comfortably trading past the 2007-2008 highs of around Rs 950-960 odd levels and that's a very good thing. I think any stock in this up move of the market for the last one year has made an all time high, has done extremely well. I think you talk about other auto stocks like Hero Honda or Maruti or probably stocks like State Bank of India, HDFC Bank etc. So technically I think the picture is very sound."
He further added, "I think one good way to look at this could be that Rs 940-950 now should act as a very strong support area, so I think one should keep a stoploss of around Rs 925 and then hold this stock. The target which I would probably look at over the next 3 to 5 months or 3 to 6 months would be around the Rs 1200 to Rs 1250 plus because any stock which has broken out of this kind of set up got into new highs. Has at least gone 30% to 35% above its previous highs plus the fact is that there is no significant signals of weakness."
"I think what we have seen is that after excellent results stock shot up to levels of Rs 1028 and then it’s gone into very narrow sideways consolidation, Rs 980 on the lower side and Rs 1025-1030 on the higher side, so that is a very good thing. I think getting it into new highs, consolidating; I would be very positive on the stock and advise to hold on."
what a nice guidance ...
how long he will hold his breath
100 points stop loss for 100 points gains ...jai ho .....
