tata motor , volumes are insanely high on weeklyTata motor may come to test the level of 161-163. one can take entry at this point. target would be 200.
if we see the volumes , 300 -400 target in 4-6 month period can be achieved easily but current situation of the market is very volatile. long positions should be considered according to risk taking ability.
if we see other side , auto sector should not be affected by market conditions. due to corona fear people will prefer to travel in personal vehicles instead of public transport. demand of ambulances ,govt policy of limitation of people in public transport may come in future which will increase the demand vehicles .
currently auto sector is posting good results which is good sign for tata motor . i think one can take risk of holding tata motors
