Apollo Tyres Ltd
Recommendation : Hold
Rs. 84.90 -1.00 (-1.16%)
Recommendation : Hold
Rs. 84.90 -1.00 (-1.16%)
Stock Views : Hold the stock and ride the rally because the rally and the sector are very strong. The only negative is the rising rubber prices and off and on the strike in its plant. Otherwise the stock has strong fundamentals seeing robust demand in OEM and replacement markets.
TATA Motors Ltd.
Recommendation : Buy
Rs. 1,056.20 +20.55 (1.98%)
Stock Views : If we look at the charts of Tata Motors, specifically in the futures segment, Rs 980 is a good support for Tata Motors. On the upside, 1075 remains to be a resistance but what we are seeing is that if this consolidation pattern continues and the stock actually gives you a breakout on the upside, you will see a very strong rally probably to around 1150-1180 levels. The caveat here is that the stock should break 1080 with very strong volumes.
TATA Motors Ltd.
Recommendation : Buy
Rs. 1,056.20 +20.55 (1.98%)
Stock Views : If we look at the charts of Tata Motors, specifically in the futures segment, Rs 980 is a good support for Tata Motors. On the upside, 1075 remains to be a resistance but what we are seeing is that if this consolidation pattern continues and the stock actually gives you a breakout on the upside, you will see a very strong rally probably to around 1150-1180 levels. The caveat here is that the stock should break 1080 with very strong volumes.
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