After a stellar 1,500% rally from 2020 to 2024, Tata Motors is showing signs of exhaustion. Price is currently hovering near the 0.5 Fibonacci retracement (~₹630) — a critical decision zone.
🔻 Bearish Triggers
Breakdown below ₹630 on higher volume.
Lower highs formation confirming seller dominance.
Weak recovery attempts failing to break ₹680–700 zone.
📉 Downside Targets
₹546 – Major Fib 0.618 support
₹476 – 0.786 retracement level
₹391–385 – Multi-year horizontal base
Extreme Bear: ₹329
❌ Bearish View Invalid if
Price sustains above ₹680–700 with strong volume.
📊 Bias: Bearish until 680+ breakout
💡 Watch for volume spikes on breakdown for confirmation.
🔻 Bearish Triggers
Breakdown below ₹630 on higher volume.
Lower highs formation confirming seller dominance.
Weak recovery attempts failing to break ₹680–700 zone.
📉 Downside Targets
₹546 – Major Fib 0.618 support
₹476 – 0.786 retracement level
₹391–385 – Multi-year horizontal base
Extreme Bear: ₹329
❌ Bearish View Invalid if
Price sustains above ₹680–700 with strong volume.
📊 Bias: Bearish until 680+ breakout
💡 Watch for volume spikes on breakdown for confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.