🚗 Tata Motors – Short Term View

Stock:

Fundamental Snapshot: Recently in focus on hopes of a GST cut for automobiles, which could boost demand and margins. Re-entry into the South African passenger vehicle market and strategic global moves like the Iveco acquisition are raising investor confidence. Despite a weak Q1 (PAT down ~63% YoY), the stock is supported by strong long-term positioning in EVs, CVs, and international expansion. Technical Snapshot: Stock jumped 3.6% today, breaking above the falling trendline resistance around ₹690–695. Price is now above short-term EMAs (20 & 50), with volumes rising → bullish signal. RSI ~62 → strong momentum, room for further upside. Support: ₹670 / ₹635 Resistance: ₹715 (immediate), above which momentum can extend to ₹740–₹760. 📌 Outlook: Bias turns positive as long as price sustains above ₹670. Any dip toward ₹675–680 can be seen as an accumulation zone for targets of ₹740–760 in near term. 👉 In short: Fundamentals improving with GST + expansion buzz; technical breakout supports upside toward ₹740+.