Tata Motors – Multi-Month Base Breakout | Two Target Zones

Setup: After a steep downtrend, stock built a 6-month rectangle between 650–720.
Breakout Trigger: Price closed above 720 with a wide 5.6% range bar + volume surge.
Weekly Confirmation: Strong +8.2% weekly close at 728, above all key moving averages (20/50/200).
Momentum: Daily RSI >60, Weekly RSI >55 → regime shift from bear to bull.

Targets:
Short-Term (Rectangle Width)

Base width: ~70 pts → Target = 790–850
Risk–Reward: ~2–3:1

Mid-Term (Retracement to Breakdown Zone)

Previous breakdown zone ~1100
Projection points to 1050–1100 if trend extends
Risk–Reward: 5+:1

Risk Levels:

Breakout line: 720
Buffer support: 710
Invalidation: Weekly close <700

Summary:
Tata Motors has shifted from consolidation to breakout with both range expansion + volume confirmation. First leg targets 790–850. If sustained, larger swing move could unfold toward 1050–1100, retracing the prior breakdown zone.

Disclaimer: Educational technical analysis only, not financial advice. Always manage risk.

İşlem kapandı: durdurma seviyesi

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

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