Technical Analysis Tata Motors Passenger Vehicles Ltd

The stock $TMPV after peaking around 440–450 levels between September and October the stock experienced a steady downtrend forming lower highs and lower lows down to a bottom near 295–300 in April. Since the April bottom the stock has shown a strong V-shaped recovery breaking above previous minor swing highs and demonstrating solid bullish momentum heading into June. Immediate Resistance 390 - 400. The stock is currently facing minor resistance at the 390 level and faces a psychological barrier at 400. A clean breakout above 400 could open targets toward 420. Key Support Zone 360 - 365. The dashed horizontal line at 365.15 marks a strong polarity shift previous resistance turning into support. Major Support 300. This serves as a rock-solid structural bottom established in April. For short-term buyers the stock looks attractive on dips near the 360–365 support zone with an immediate target of 390–400 however fresh long positions at the current level should be managed with a strict stop-loss below 360 to protect against minor profit booking. For existing holders the view remains strongly bullish as the stock shows a healthy V-shaped recovery from its 300 bottom making it a clear hold to ride the momentum toward 420+ as long as it stays above key support.