Tata Motors Ltd. is India's largest automobile company. It is the leader in commercial vehicles in each segment, and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is the world's fourth largest truck and bus manufacturer.
On 3rd April VantageTrade gave an Uptrend signal on this stock after a day before, on 2nd April, company posted results which showed that company sales went up by 20%. The price of the stock was 280.35 at this time with the target set at 288.30. The next day, on 4th April, Financial Services Company recommended buying the stock with target of 343.
The price of the stock rallied for more than 20 days and on 27th April VantageTrade updated its signal to Downtrend at the price equal to 309.50 and target at 294.15, while some brokers recommended going long on Tata Motors on 24th April. After 27th April price of the stock was falling consequently until 16th of May, when the company posted quarterly results. Shares tanked 7.5% in one day as global sales data disappointed street expectations.
Thanks to VantageTrade calls you were not only able to avoid the losses but also earn Rs. 29.15 on each stock of the company.
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