Top Trending Stock: This share of Tata Group jumped eight percent in the morning, if you want profit, you can bet – top trending stock tata motors ltd surged more than eight percent in initial hours

Top Trending Stock: This share of Tata Group jumped eight percent in the morning, if you want profit, you can bet – top trending stock tata motors ltd surged more than eight percent in initial hours

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New Delhi: The beginning of the week was good for the stock market. Broader market is consolidating around the high level range of the day. Auto sector stocks have outperformed the benchmark indices for the past few days. Today, a stock market of this sector jumped eight percent as soon as it opened. We are talking about Tata Motors. Global wholesale data to the company has been explosive. These include Jaguar Land Rover. Tata Motors’ global wholesales grew by eight per cent to 3,61,361 units in the fourth quarter. Global wholesales of commercial vehicles and Tata Daewoo declined by three per cent to 1,18,321 units. During this period, passenger weekly sales have increased by 10% to 1,35,654 units. This data gave a boost to the stock price and it has given a breakout from the downward sloping trendline on the daily time frame with volumes of over 35 million shares. It was at high from November 2021 to August 2022. A close above Rs 480 would confirm a breakout from the continuation pattern. All its indicators are showing bullish signals. Currently Tata Motors share is trading at Rs 464 on NSE. Long term investors can keep an eye on this.

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