Osho Krishan of Anand Rathi recommends buying Tata Motors DVR, Birlasoft

Tata Motors DVR has re-tested the breakout zone and has seen an early sign of reversal in the last trading session, says the technical analyst from Anand Rathi

BUY TATAMTRDVR LTD | TARGET: Rs 160 | STOP LOSS: Rs 137

TATAMTRDVR has re-tested the breakout zone and has seen an early sign of reversal in the last trading session. On the daily chart, the stock has been able to sustain above all its exponential moving averages and is even hovering above the mean of the Bollinger band (20, 2) indicating inherent strength in the counter. The stock has formed a strong base around the zone of Rs 135-137 and sustenance above the same could be seen as a positive sign for the counter in the coming future.

BUY