Score 8 (out of 10): TATA MOTORS sets up for +18.3% rally in 2 months

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What’s Going On Here?

Tata Motors said that the company’s sales in the domestic & international market for October 2022 stood at 78,335 vehicles, up by 15% as compared to 67,829 units sold during October 2021.

Why Now?

TATA MOTORS LTD-SPON ADR has triggered a new price range signal. During similar occasions, TATA MOTORS LTD-SPON ADR shares had a median return of +18.3%, over the following 2 months – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for TATA MOTORS LTD-SPON ADR received a high score of 8 (out of 10). This insight was generated on 2022-November-4 with last price of 26.44.

What’s This Asset About?

TATA MOTORS LTD-SPON ADR is in the Auto-Cars/Light Trucks business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: TTMT IN.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 31.28 (+18.3%) has been reached. Based on TATA MOTORS LTD-SPON ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 25.34 (last price at 26.44), which is equivalent to a -4.2% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

2.4% (July-2022), -0.5% (November-2021), 64.2% (September-2021), -3.2% (April-2021), 38.2% (December-2020), 34% (October-2020), 24% (July-2020), 12.5% (May-2020), -2.5% (November-2019), 26.7% (August-2019)

Historical Chart:

Summary:

NameTATA MOTORS
ViewUp
Star (1 to 10)8.0
Target+18.3%
Time2 months
Hit Rate70%

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