-------- Forwarded Message --------
Subject: Tata Motors: Has To Sustain Abv 320-330 For Further Rally
Date: Wed, 17 Feb 2016 10:04:28 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*For TM, good support is now around 278-260 zone*
*And it has to close consecutively above 320-330 for any further rally*
High probability of Auto Loan bubble may be the next headwinds in US
After Housing crisis in the last GFC (2007-08)
*CMP: 301*
*
*
*Either sell below 298 or sell on rise around 320-330;*
*
*
*TGT1: 278-260*-251-242 (1-3M)*
*
*
*TGT2: 225-200*-184-168-155-139 (12-24M)*
*
*
*TSL> 335*
NOTE: Consecutive closing (3 days) above 335, TM may rally up to
350-365-375-395 and 412-432 & 450-490 area (alternative bullish case
scenario from present level).
Technically, for TM, 278-260 is strong support zone and only consecutive
closing below 278, it may fall further towards 200-139 zone in the worst
case scenario, like broader market meltdown towards 6300-5700 zone in
Nifty (Global shock/China/Oil/EU credit fears/No economic recovery in
India/Full Banking crisis & earning downgrades high probability)
*As par BG metrics and current market parameters:*
(based on consolidated TTM & FWD EPS)
Present median valuation of TM may be around: 350 (FY:15/TTM)
Projected fair valuation might be around: 400-435-465 (FY:16-18/FWD)
SCRIP EPS(TTM) BV(Act) P/E(AVG) Low High Median
200-DEMA 10-DEMA
TATAMOTORS 22.99 215.28 15 367.43 327.70 347.56 391.48 311.41
TATAMOTORS 30.55 235.75 15 423.55 377.76 400.66 391.48 311.41
TATAMOTORS 35.15 260.55 15 454.32 405.20 429.76 391.48 311.41
TATAMOTORS 40.75 292.25 15 489.17 436.29 462.73 391.48 311.41
*
* *Analytical Charts:*
<https://2.bp.blogspot.com/-UYifK-C34RQ/VsPqhw3vccI/AAAAAAAAGJs/ez4CZXwM-k0/s1600/TM-16-02-2016.png>
<https://4.bp.blogspot.com/-5kacTy2ROXo/VsPqjQC8ezI/AAAAAAAAGJw/gTNguBGKiew/s1600/TM-FIBB-16-02-2016.png>
<https://4.bp.blogspot.com/-E205xrd4iPk/VsPqlW0b2oI/AAAAAAAAGJ0/KnyguXQJ_Yg/s1600/TM-WK-16-02-2016.png>
<https://1.bp.blogspot.com/-auxmX-iwhBM/VsPqoK7mtHI/AAAAAAAAGJ4/tUzV9M0dllI/s1600/TM-TL-16-02-2016.png>
<https://4.bp.blogspot.com/-7SryPMj2208/VsPqp1iICJI/AAAAAAAAGJ8/XUJH9TeAsdM/s1600/TM-PATTERN-16-02-2016.png>
<https://1.bp.blogspot.com/-AmQbMGRmGxw/VsPqrb1xn1I/AAAAAAAAGKA/r8hp_qXkGjg/s1600/TM-EW-16-02-2016.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
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