Tata Motors VIEW WITH BUY POSITION CALL

 

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.