Tata Motors Passenger Vehicles Ltd (1D)

2 024
Key Technical Levels

Current Price: ₹306.40
Buy Trigger Zone: Above ₹306.40 – ₹308.00
Stop Loss (SL): ₹304.40 (Tight intraday level) / ₹296.50 (Swing low structural support)
Target 1: ₹320.00
Target 2: ₹336.02
Target 3 (1:3 R:R): ₹351.55


Technical Understanding & Indicators

Support Bounce: The price has tested and successfully bounced off the demand zone near ₹296.50–₹300.00.
Williams %R (14): Currently at -58.14, curling upward from overbought/oversold extreme territory, confirming a momentum shift back to the buyers following a support bounce.
Supertrend Resistance: The Supertrend line sits overhead at ₹312.58. A daily close above this level is required to officially flip the trend from bearish to bullish.

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Projection & Trade Execution Plan

Bullish Scenario: A sustained daily close above ₹306.40 triggers the long setup toward ₹320.00 (Target 1). Clearing ₹312.58 invalidates the bearish Supertrend and opens the path toward ₹336.02 and ultimately ₹351.55.
Risk Management: The immediate invalidation point is ₹304.40. A breakdown below ₹296.50 completely negates the bullish projection.

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