Tata Motors Weekly Chart Analysis: A Pivotal Moment for Long-Term Trend

Tata Motors is currently navigating a crucial technical juncture, as evidenced by the long-term weekly chart. After a meteoric rise from the COVID-19 lows of ₹65 (March 2020) to a peak of ₹1,116.95 in early 2024, the stock has retraced sharply, now hovering at ₹669.25—a 40%+ correction from its highs. 📉 Support Retest & Long-Term Uptrend Validation The chart highlights a resilient long-term trendline (green), which has been respected across three critical junctures: mid-2020, early 2023, and most recently in mid-2025. Each bounce (circled in blue) reaffirms strong demand at structurally important levels, particularly near ₹600–₹620. Currently, Tata Motors is attempting to rebound from this confluence of: Long-term rising trendline support Historical horizontal support zone (~₹603) Breakout retest level from early 2023 If this zone holds, the broader bullish structure remains intact. 🛑 Overhead Resistance & Reversal Potential However, the price faces resistance from: A broken red rising wedge/channel, which previously capped the parabolic rally Horizontal resistance near ₹750–₹800 A major supply zone between ₹850 and ₹1,054 (shaded in green) Without strong volume and RSI confirmation, this recovery could stall again—posing the risk of a head-and-shoulders-like distribution pattern. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.