Tata Motors Passenger Vehicles Ltd (CMP ≈ ₹349.85) on the Daily timeframe. Based on the visible structure, support–resistance zones, and momentum, here is a clear technical trading view.
📊 Technical Structure (Chart Reading)
Trend Observation
Long-term trend after the ₹700 peak has turned into a downtrend with lower highs.
Price is currently consolidating between ₹330–₹380 support zone.
Multiple support retests near ₹320–₹335 indicate strong buying interest.
RSI around 55–60 suggests short-term recovery momentum.
Key Levels from Chart
Major Resistance: ₹380 / ₹410 / ₹450
Immediate Resistance: ₹365
Support: ₹335
Strong Support: ₹320
📈 Short Term View (1–15 Days)
Trend: Sideways to Mild Bullish
Trade Setup
Entry: ₹352 – ₹356 (breakout above ₹355 confirmation)
Target 1: ₹372
Target 2: ₹388
Stop Loss: ₹336
Probability: 62–65%
P&L Potential
Profit Potential: +9% to +11%
Risk: −4%
📊 Medium Term View (1–3 Months)
Trend: Accumulation Phase
Strategy
Buy Zone: ₹330 – ₹350
Target 1: ₹420
Target 2: ₹470
Stop Loss: ₹305
Probability: 58–62%
P&L Potential
Profit Potential: +20% to +34%
Risk: −12%
📈 Long Term View (6–18 Months)
Trend: Structural Bullish (if ₹320 holds)
Investment Levels
Accumulation Zone: ₹320 – ₹350
Target 1: ₹520
Target 2: ₹650
Stop Loss: ₹275
Probability: 60%
P&L Potential
Profit Potential: +50% to +85%
⚡ Key Technical Signals
✔ Strong demand zone ₹320–₹330
✔ RSI showing momentum recovery
✔ Consolidation indicates possible breakout phase
✔ Break above ₹380 could trigger a fast rally
❗ Breakdown below ₹320 may push price toward ₹280
✅ Simple Strategy
Aggressive traders: Buy breakout above ₹355
Positional traders: Accumulate near ₹330–₹340
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