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Apollo Hospitals: Buy | Target Rs 3425

POSITIONAL TRADING ADVICE

 BUY   Apollo Hospitals (NSE: APOLLOHOSP)

APOLLO HOSPITALS STOCK RECOMMENDATION

CP# 3239.8
Idea BUY
Buy Range 3210 – 3240
Target 3380 – 3425
StopLoss* 3080
Duration 10 – 12 Trading Days
Potential Returns^ 5 – 6%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
3239.8 BUY 3210 – 3240 3380 – 3425 3080 10 – 12 Trading Days 5 – 6%

# CP – closing price on 01 June 2021.
* once 1st target hit, reset StopLoss at 3310.
^ potential returns are calculated based on the median of buy range.

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TATA MOTORS COMPANY OVERVIEW

Tata Motors Limited (NSE: TATAMOTORS) designs, develops, manufactures and sells a broad range of automotive vehicles such as passenger cars, trucks, buses, defence vehicles, sports utility vehicles and related accessories. The company offers its products under Tata, Daewoo, Fiat, Jaguar and Land Rover brands. Incorporated in 1945, Tata Motors Limited has operations in the United States, UK, rest of Europe, China and Internationally. The company reported a consolidated net profit of Rs 1,954.51 crore for the quarter ended December 31, 2019, compared to Rs 26,823.22 crore loss reported during the corresponding period of 2018-19.

TATA MOTORS STOCK INFORMATION

Stock Data
NSE Code TATAMOTORS
Sectoral Index Nifty Auto
52W High 201.7
52W Low 63.5
Face Value 2
Nifty vs Wipro Performance
Nifty vs Wipro Performance

TATA MOTORS TECHNICAL ANALYSIS (WEEKLY)

Wipro NSE WIPRO Price Chart - Weekly
Wipro NSE WIPRO Price Chart - Weekly
  • Looking at the Tata Motors historical share price, the stock had seen a spectacular rally from the bottom of around 11.5 (May 2001) and hit a fresh high of about 199.5 (May 2006).
  • Share price of Tata Motors has slipped into sharp decline afterwards, had broken all the support during the 2008 financial crisis and moved near 25.
  • The stock was recovered afterwards sharply and witnessed a strong rally during 2009-2015, rallying from ₹25 to lifetime high of ₹612.4. A whopping 2350% gain in just seven years.
  • Since it’s lifetime high of ₹612.4 registered during February 2015, TATAMOTORS share price has been in a declining trend.
  • After a consistent downtrend in the last five years, the stock price had taken the support on the Ultimate baseline, which corresponds to earlier lows, thereby making it strong support.
  • As seen in the Tata Motors share price history, the primary trend is positive since 2001. There is a steady support baseline which is moving upwards along with price rise.
  • Overall Tata Motors trend and the broader pattern are bullish, and recent closing above the Primary Trend had given us the opportunity to enter the stock (Inset view).
  • Tata Motors share target will be double or more in the next two years.

TATA MOTORS TECHNICAL ANALYSIS (DAILY)

Wipro NSE WIPRO Price Chart - Weekly
Wipro NSE WIPRO Price Chart - Weekly
  • As seen in the Tata Motors chart analysis, the OBV is trading above the 15 days MA of it’s on balance volume. Buying pressure is visible as the positive volume exceeds negative volume, and the OBV line rising upwards.
  • The OBV measures the volume change with price to identify the smart money are buying and selling the positions in the stock. This suggests you should invest in Tata Motors at dips and build long positions with institutional investors.

CONCLUSION - TATA MOTORS SHARE PRICE FORECAST

Based on our long term investment recommendation, Tata Motors share price target will be 200-220 in the next 1.5-2 years.

TATA MOTORS SHARE TRADING UPDATE - POSITION & ACTIVITIES

  • 5 Sep 2020

    Ultra Swing Trading 147
    💡 Buy CDSL in 462 - 472

  • 22 Sep 2020

    Trade closed: target reached
    🎯 Target hit - 512

  • 24 Sep 2020

    Trade closed: stop reached
    ⛔ Stoploss hit - 21890

  • 20 Sep 2020

    Trade Closed Manually
    🎯 Exit Long Position at ₹ 197.2

  • Absolute return per lakh capital
    ✔️ ₹9,023 (9%) in 7 Days

  • Absolute return per lakh capital
    ⭕️ - ₹4,337 (-4.3%) in 8 Days

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MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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