Saturday, July 31, 2010

Initiating Coverage Tata Investments ( Tata investment Corporation, 501301)

TATA INVESTMENT CORPORTATION


Tata Investment Corporation (TIC) is a non-banking financial company.


Earlier named the Investment Corporation of India, the company is primarily involved in investing in long-term investments such as equity shares and equity-related securities.


TIC was promoted by Tata Sons in 1937 and went public in 1959, when it became one of the few publicly held investment companies listed on the Mumbai Stock Exchange.


Areas of business


TIC, along with Tata Sons, promotes the Tata Mutual Fund. The company has built up a significant portfolio of investments.


Location


The company is located in Mumbai, India.


CHART LOOK



How do we plan to trade this :


We plan to make an entry at fibonacci confluence level of 430 - 420.


We will then hold for a target of 660 and 780.


We will use risk reward ratio of 1: 3 to arrive at stoploss.


We will also invest part of the corpus as long term investment for a target of 1350.


NEXT: Best trades of last week


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

1 comment:

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