Tata Motor has been in up trend since March 2009. Since Deceber 2009 to 21-7 2010 it traded in the range of 678.44 to 832.64. It formed double top at the level of 1362.36 in short term. It is again testing these levels. Volumes are very low this time. No signs of weakness are seen as the stock is trading above all the moving averages and MACD and RSI both are bullish as trading above zero level and 50 level respectively. If it could not break above 1362.36 then some minor correction can be seen but the up trend will continue after that.
The market cap of the stock is 82469.02 . The PE Ratio of the stock is 45.18 and that of industry is 34.38. The earning per share EPS is 29.87.
