Tata Motors Technical Analysis

Tata motors historical
Tata motors historical

Tata motors rise more than 20% in past 3 months. It may continue to do so if all the EV motors deliveries happens on time. Due to the components and batteries required for EV motors productions, deliveries are currently delayed for EV trucks and buses. However in response to stock exchange, company has assured that deliveries will happens phase wise as soon as the components will arrive on time and pass the quality marks.

 

With thorough consideration is is recommend that Tata motors is good buy at the price of ball park of 190-210. It may slide down due to delivery delays but company has been always committed to deliver.