Tata motors on daily chart broke 200 DMA today which was last hope for bull in stock. It also had formed triangle due to sideways movement it was in for last one and half month. Stock also broke heavily from Head and Shoulder pattern in the month of may 12 making gaps with much higher volume than average daily volume. All these signs indicate bearish trend in stock in coming trading sessions.
Stock can be sold at CMP or on every bounce till 235 for the target of 210.
Stop loss at 240 recommended.
CMP - 229
