Tata motors

Tata motors after making a high of 320 on 19 april 2012... started a downside movement.
after making a low of 220 on 4 june the stock have shown some sustains and is now moving with a ascending trendline and 200 SMA support.
55SMA on the weekly basis is around
Stock closed at 235.50 on 13-06-2012.
This can be a good pick for a short to medium term with a  stoploss of 230!!
First tgt will be 251 crossing this level tgt of 275 can be seen in medium term.