Sunday, October 17, 2021

Is It Right Time To Invest In TATA Shares?

TATA has taken over the Air India and all shares of TATA group has rocked in last two week. In history, no one has bought a loss-making company like Air India. It is very positive for Air India and one more time TATA group has shown their kindness. Let's come to the shares of the TATA group.

TATA Motors: This stock was in a downtrend from 550 till the first lockdown end. After that TATA motor has changed and shown back to back rally. The reason was vehicle scrap policy and then the stock has taken rest for 6 months. Again stock is running very well due to EV vehicles and government subsidies against EV vehicles. Right now stock price is trading at resistance and it is not the right level to enter. If you want to invest in TATA Motors then wait for some profit booking or break to 550.

TATA Power: Tata Power is running with extra power and the reason is EV vehicle plus government contract of EV vehicle charging station. However, the stock has given breakout in the last month and now trading at a lifetime high. This stock is also overvalued as per the chart so it is not good to go here. We have to wait for some pullback.

TATA Steel: It is also made lifetime high around 1550 and then got cool off. It came down till 1250 and now taking a U-turn. However, there is less strength in current candles so we have to wait for some strong confirmation then we will pick it.



Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.


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