Tata Motors : The discount motor stock

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Tata Motors just formed an indecision doji at 301 and it is usually an indication of bullish reversal. Wednesday had seen a pin bar formation but it did not translate into a bullish reversal. Given this scenario there is a 50-50 chance of this reversal happening. Whatever the situation may be, it is a very good chance to accumulate the stock at CMP for long term. Avoid Tata motors for now if you are thinking for short term as the price movement has become a bit unpredictable. If you ask for next buying zone, that would be around 290.


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