Long Position on TTM @ $37.80 on 5/7/2014 (Momentum)

Bullish Cup & Handle on TTMTata Motors Limited (TTM) engages in the manufacture and sale of commercial and passenger vehicles primarily in India.

The company’s product portfolio includes micro, compact, and midsize passenger cars; premium and luxury sports utility vehicles and cars; utility vehicles; and small, light, intermediate, and medium and heavy commercial vehicles, as well as vans, trucks, buses, and defense and homeland security vehicles.

It also develops electric and hybrid vehicles for personal and public transportation. Further, it engages in the engineering and automotive solutions; manufacture of automotive vehicle components; and supply chain activities, as well as provides vehicle financing, machine tools, and factory automation solutions.

The company offers its products and services through its dealership, sales, services, and spare parts networks. It also markets its commercial and passenger vehicles in Europe, Africa, the Middle East, south east Asia, South Asia, Russia, and South America.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this company.

52-Week Trading Range: $21.75 to $38.92

Entry Point: $37.80

Stop Loss: $35.75

Target Price: $41.58   

Updates

6/9/2014 9:39:09 AM

 TTM closed at $40.00 after it failed to gain 10% in less than 30 days.

Position closed on 6/9/2014 at price of $40.00 with a 5.82% gain in 33 days.

Back to Portfolio