🚗 Tata Motors – Strong Rebound with Volume Support

🔹 Technicals: Stock rallied +5.6% today to close at ₹718, backed by 30M+ shares traded (high volume). Price bounced strongly from support at ₹686–692 zone. Next resistance levels: ₹732 and ₹752; breakout above could push towards ₹775–805. RSI at 59.7 (rising), suggesting momentum is picking up but not overbought yet. Support: ₹692 Stop-Loss: ₹686 (closing basis). 🔹 Fundamentals: Tata Motors is India’s largest commercial vehicle maker and a key passenger vehicle player (Tata EVs gaining strong traction). JLR (Jaguar Land Rover) unit continues to drive growth with strong global sales, especially in premium SUVs. Debt levels have reduced significantly; company is targeting near-zero net automotive debt by FY25. EV segment (Tata Nexon EV, Punch EV) gives it first-mover advantage in India’s EV space. Recently reported healthy Q1 earnings with margin expansion and strong order book. 🎯 View: Tata Motors is showing signs of a trend reversal with heavy volume buying. Holding above ₹692 keeps the short-term bullish bias intact. Upside potential: ₹732 → ₹752 → ₹775+