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Umang Bhutada

24th Jun · SEBI-Registered Analyst

Tata Motors – Momentum $TMCV Important Levels: Support: 990 – 965 Resistance: 1,060 – 1,095 Structure: Strong rebound / momentum continuation Business: Leading auto player with exposure across PV, CV and JLR Strong EV optionality + premium auto exposure through JLR Beneficiary if risk appetite stays strong in autos Earnings / Trigger: Stock moved sharply today on strong growth guidance / positive market reaction Auto space is again getting traction on improving sentiment and stock-specific triggers Verdict: 👉 Momentum stock for today’s tape 👉 If it sustains above the immediate support zone, momentum can stay favorable

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