From Titan to TCS, here's how you can make money in Tata Group stocks

Moving averages and technical patterns suggest that the upside momentum in Tata Group stocks is likely to stay high despite the recent developments

Tata Global Beverages Ltd (TATAGLOBAL): The broader outlook for this counter stays optimistic. The stock recently hit a new lifetime high of Rs 330. Here onwards, any correction may be viewed as a buying opportunity with Rs 280 as a support level. One can see volumes rise above Rs 325, as per the daily chart.  CLICK HERE FOR THE CHART
 
Tata Steel Ltd (TATASTEEL): The counter has crossed the 200-day moving average (DMA) with higher volume, indicating a bullish sentiment for the medium-term. The immediate support comes in at Rs 420 and the move should take the stock towards Rs 480 and then Rs 500 levels. CLICK HERE FOR THE CHART

 
Tata Consultancy Services Ltd (TCS): A “Double Bottom” formation with the Moving Average Convergence Divergence (MACD) rising above the signal line has boosted the stock's upside potential. The gap-up close on the daily chart suggests a positive strength. The support comes in at Rs 2,131 with resistance at Rs 2,300 levels. CLICK HERE FOR THE CHART
 

Tata Motors Ltd (TATAMOTORS): This counter has shown a strong potential to sustain above the 200-DMA, which suggests a limited downside. As Tata Motors scales new hurdles, buying can emerge. The MACD has not breached the signal line downward. Going forward, if Tata Motors forms a positive crossover of 200 DMA and 50 DMA, which seems likely, then the “Golden Cross” formation may take this counter to Rs 220 levels.  CLICK HERE FOR THE CHART

 
Titan Company Ltd (TITAN): The last 20 sessions have seen this counter move around the 100-DMA and 200-DMA levels. A breakout from this consolidation is possible once the price crosses Rs 1,220 on the upside. On the other hand, if the price closes below Rs 1,140 with strong volumes, then the stock may correct towards Rs 1,070 and Rs 1,040 levels.  CLICK HERE FOR THE CHART
 
Trent Ltd (TRENT): The counter is currently witnessing a consolidation phase in the range of Rs 530 – Rs 490 levels.  For the uptrend to continue, Trent needs to close above Rs 530, which seems likely as MACD is in the process of crossing the signal line.  CLICK HERE FOR THE CHART

 
Voltas Ltd (VOLTAS): This counter has faced stiff selling pressure above Rs 720. Now, if it falls below Rs 650, then it may rally towards Rs 625 and Rs 610 levels. For a reversal, it needs to decisively close above Rs 680 level. CLICK HERE FOR THE CHART
 
The Indian Hotels Company Ltd (INDHOTEL): The biggest hurdle for this counter is a close above Rs 160 for two- three consecutive sessions. This indicates follow-up buying which it has been falling short of on many occasions. Now, as it falls below all the major moving averages i.e 200 DMA, 100 DMA, and 50 DMA, more pessimism may arise which can drive the price to lower levels of Rs 130.  CLICK HERE FOR THE CHART

Tata Chemicals Ltd (TATACHEM): A “Golden Cross” in the daily chart has helped this counter climb higher levels recently. The support comes in at Rs 636, which is the 50-DMA. Till this support is held, one can see reversal towards the earlier high of Rs 684. The signs of reversal will be seen when it starts closing above Rs 655 levels.  CLICK HERE FOR THE CHART