Tata Motors may test Rs 400: Rahul Mohindar

Nov 08, 2013, 02.27 PM IST

Rahul Mohindar of viratechindia.com is of the view that Tata Motors may go above Rs 400 in couple of days.

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Tata Motors may test Rs 400: Rahul Mohindar

Rahul Mohindar of viratechindia.com is of the view that Tata Motors may go above Rs 400 in couple of days.

Like this story, share it with millions of investors on M3

Tata Motors may test Rs 400: Rahul Mohindar

Rahul Mohindar of viratechindia.com is of the view that Tata Motors may go above Rs 400 in couple of days.

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Rahul Mohindar of viratechindia.com told CNBC-TV18, "I would be a little aggressive on buying Tata Motors around Rs 380-382 level, particularly from an intraday angle. Keep a stoploss around Rs 375 and look at targets of Rs 400 plus if one can hold onto this for a couple of days."

"Around Rs 405-410 is the block hole that we see in terms of a target. From a risk-reward perspective it is very interesting. One is probably risking Rs 10 for a fairly good potential gain," he said.

Disclosure: He does not have any positions in the stock discussed.

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