.Our recommendation was at 130 on 4TH TH MARCH 2014
From: MARKET TRENDZ <trendzofmarket@gmail.com>
Date: Tue, Mar 4, 2014 at 12:04 PM
Subject: TATA GLOBAL PURE LONG TERM PLAY
THIS WAS OUR MAIL
June RECENT MONTHS WE ARE WITNESSING ONE AFTER ANOTHER TATA GROUP STOCKS ARE BLASTING AWAY
TATA SPONGE MOVED TO 500+ FROM 360 IN JUST 2 WEEKS TIME
TATAMOTORS IS AS ALWAYS PERFORMING VERY WELL
TATACOMMUNICATION IS ALSO NOW MAKING A SMALL MOVE AFTER AGES
TATA CHEM IS ALL SET TO MOVE IN BIG WAY
THE ONLY ONE STOCK WHICH I AM PERSONALLY HOLDING IN KY PORTFOLIO SINCE 2011 IS TATAGLOBAL.. FEEL ITS TIME TO MOVE FOR THIS STOCK TOO..ITS NOT A TRADING CALL.. ITS PURE PURE INVESTMENT STOCK
HERE WE WISH TO RECOLLECT OUR FEW BUY CALLS GIVEN IN THIS STOCK FROM 2012
FIRST BUY CALL WAS GIVEN ON AUGUST 2012 :
HERE WAS THE REPORT SENT THEN
Tata Global has been one of my fav stock of 2012. I have mentioned about the stock many times in the past and how stock has been doing all the right things. And it seems stock is following up on the promise – Yesterday it made a fresh breakout to new 20 month high
As you can see in the chart above: Tata Global after long period of consolidation above 200 dma has closed at fresh 2012 highs above 126. It exhibits strength and if stock sustains above 126: expect it to generate momentum that can drive stock much higher from current levels.-- At the start of the year: I wrote one post on how I see Tata Global as stock to watch in 2012. Six months have passed and stock has done nothing. Really? Stock has built a solid foundation for rally….and here’s how
It all started with this news
The impact: Tata Global stock broke out above 200 dma and rallied sharply from 100 to 125 in just less than 9 trading sessions. It did raise lots of hope but since then stock did nothing and just traded sideways to down. The market sentiment did not help either. The stock slowly drifted down to 200 dma and created lots of frustration on no follow through.
BUT the good news stock never broke the bullish structure of the stock and sustained above 200 dma.
Now comes the second boost to the stock.
The stock has reacted favorably and bounced from 105 to 115 in no time.
What does this mean?
The stock has done all the right things this year. It has built a solid foundation above 200 dma and fundamental developments are in place and it’s matter of time before real momentum commences and takes stock to much higher levels. It is a bullish journey worth taking even though start looks slow but there is no point complaining if slow start has been used to build solid foundation. Tata Global is still the stock to watch in 2012.
What does this mean?
Stay invested if you have been. It is doing all the right things. New investors/traders can look to add the stock at 126-128 levels but with closing [not intra-day] stop loss below 123 becoz if breakout fails…then stock may go back to retest 200 dma. Remember, on an overall basis – stock has solid bullish foundation with support at 200 dma.
AFTER THIS CALL THE STOCK ZOOMED TO 184 LEVELS
Second buy call was given in MAY 11 ,2013
HERE WAS THE MSG GIVEN THEN
The year 2013 did not start well for the stock and in Q1 CY2013: stock not only corrected sharply but also dipped below 200 dma and underperformed for long period of time. BUT things are changing now and stock has rallied above 200 dma..and in last couple of days have pulled back to rally again. Tata Global can be a good portfolio stock to invest in with 134 as stop loss. One should look to hold it for long period of time…That’s what you do with leadership stock.
AGAIN THE STOCK ZOOMED TO KISS 170 AFTER THE CALL
NOW IN 2014 THE STOCK IS UNDER PERFORMING THE MARKET AND CHART ALSO NOT LOOK GREAT BUT WE STILL FEELS ITS ACCUMULATION GOING ON WE RECOMMEND TO BUY THE STOCK BETWEEN 127-140 LEVELS KEEPING SL BELOW 120 ON CLOSING BASIS FOR TGT 180 AND HIGHER IN MONTHS AND EVEN 300-500 IN YEARS TO COME
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