FIRST TARGET DONE IT MAKE HIGH 685.75 19/3/2025
Technical Analysis for Tata Motors (1H Chart) BUY 606-611
1. Trend Analysis:
The stock was in a downtrend for a prolonged period, as indicated by the declining price action and the downward sloping trendline.
Currently, there is a sign of reversal or a relief rally as the price is attempting to break above resistance zones.
2. Support and Resistance Levels:
Support Levels:
Strong support is seen around 611.25 (0.382 Fibonacci level).
Another key support is around 606.60, which has acted as a price floor in recent sessions.
Resistance Levels:
Immediate resistance is at 654.25, which is a key level where sellers might emerge.
Major resistance is at 678.80 (0.618 Fibonacci retracement level).
Strong resistance is at 724.65 (0.786 Fibonacci level), indicating a tough zone for bulls.
3. Pivot Level:
The pivot level (key decision point) is around 650-655, which is being tested currently. If the stock sustains above this, it may rally towards higher resistance levels.
4. Target and Stop-Loss:
Target Levels:
Short-term target: 678.80
Medium-term target: 724.65
Stop-Loss:
If the stock fails to sustain above 641-645, a stop-loss around 606-611 (strong support zone) is advisable.
5. Technical Indicators:
RSI (Relative Strength Index):
RSI is currently near 62.31, suggesting the stock is gaining bullish momentum but is not yet overbought.
Volume:
Recent volume shows an increase, confirming buying interest at lower levels.
6. Conclusion & Trading View:
Bullish Bias: If Tata Motors sustains above 654, it may rally towards 678-724.
Bearish Scenario: If it fails to hold 641, a drop towards 611-606 is possible
Traders should wait for a clear breakout above 654 for confirmation.
Tata Motors Technical View Across Different Timeframes
1. Short-Term View (Next Few Days to 2 Weeks)
Bias: Bullish to Neutral
Key Levels:
Resistance: 654.25 → 678.80
Support: 641.45 → 611.25
Expectation:
If Tata Motors sustains above 654, it can test 678.80 (Fibonacci 0.618 level).
A failure to hold 641-645 can lead to a decline toward 611-606.
2. Medium-Term View (Few Weeks to Few Months)
Bias: Bullish if Above 678
Key Levels:
Resistance: 678.80 → 724.65
Support: 606.60 → 585.00
Expectation:
A breakout above 678.80 can push the stock towards 724-730 levels.
Failure to hold 606-611 could see the stock correcting back towards 585-560.
3. Long-Term View (6 Months to 1 Year)
Bias: Bullish Above 725, Neutral Below 600
Key Levels:
Resistance: 750 → 800+ (New highs possible)
Support: 550-560 (Major Support Zone)
Expectation:
A sustained breakout above 725 can open doors for 750-800 levels in the long term.
If the stock fails to hold 560-550, it may continue a long-term downtrend.
Summary
Short-term: Bullish above 654, watch for 678 as a key level.
Medium-term: Bullish above 678, strong resistance at 724-730.
Long-term: Above 725, the trend is strong; below 600, weakness may return.
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