Buy Tata Motor-DVR

Analysis:

• Stock has made 52 week high of 210.30 (5^th Nov 2013) & 52 week low of 121.40 (8^th Aug 2013)

• There is a triangle breakout as shown by above daily chart.

• Momentum oscillators like RSI, stochastic and ADX suggest buy signal.

• Also the stock corrected 24% of A to B up swing and resuming its upward momentum suggests bullish strength.   
•  Strategy: - Buy & accumulate Tata Motor- DVR 190-188 possible Target- 202 -206 with stop below 186 on closing basis.