Tata Motors DVR (TMPV) – Recovery Rally Gaining Structure?

has shown signs of technical recovery after a prolonged corrective phase. The stock is attempting to transition from a lower-high structure into a potential short-term uptrend on the daily timeframe. Technical Structure Previous downtrend from ₹430–440 zone found support near ₹335–345. Strong rebound from December lows forming higher lows. Price now reclaiming ₹385–395 resistance band. Trading above short-term EMA — positive short-term bias. Stochastic RSI bouncing from oversold region, indicating momentum revival. Volume improving during upward moves, suggesting participation on strength. Key Levels to Watch: Immediate resistance: ₹395–405 zone. Breakout above ₹405 could open path toward ₹420–430. Immediate support: ₹365–370. Major support: ₹335–345 (structural base). Sustained consolidation above ₹380 would strengthen the recovery thesis. Failure near ₹400 without follow-through could lead to range-bound action. Fundamental Perspective Linked to Tata Motors performance and corporate actions. Passenger vehicle and EV segment growth remain long-term drivers. JLR margin recovery and domestic demand trends are key variables. Commodity cost moderation could support profitability. Risks & Triggers Global auto demand slowdown. Currency fluctuations affecting overseas earnings. Failure to hold ₹365 could weaken recovery structure. TMPV appears to be in early recovery mode rather than confirmed trend reversal. A decisive move above ₹405–410 would be needed for medium-term bullish confirmation.