Tata Motors – 1 Hour Chart Analysis
🔹 Trend Overview
On the 1-hour chart, Tata Motors is currently showing bullish momentum with higher highs and higher lows.
However, price is also facing some resistance near the upper range, so intraday swings are possible.
🔹 Key Levels to Watch
Immediate Support Zone: around ₹706 – ₹709
Stronger Support: near ₹700
Immediate Resistance Zone: around ₹717 – ₹721
Major Resistance: around ₹734 – ₹735
🔹 Intraday Trading View
If price holds above ₹709, bulls may push towards ₹721 – ₹734.
If price slips below ₹706, a retest of ₹700 – ₹695 is possible.
Consolidation is likely in the ₹709 – ₹721 range before any major breakout.
🔹 Indicators (1-Hour Chart)
Moving Averages → Price trading above 20 EMA and 50 EMA, showing short-term strength.
RSI → Near the 60–65 zone, still bullish but close to overbought.
Volume → Slightly increasing on up-moves, showing buyers are active.
🔹 Summary
Bias: Bullish to range-bound
Support Levels: ₹706 / ₹700
Resistance Levels: ₹721 / ₹734
Intraday traders should watch the ₹709 – ₹721 band for breakout or breakdown trades.
🔹 Trend Overview
On the 1-hour chart, Tata Motors is currently showing bullish momentum with higher highs and higher lows.
However, price is also facing some resistance near the upper range, so intraday swings are possible.
🔹 Key Levels to Watch
Immediate Support Zone: around ₹706 – ₹709
Stronger Support: near ₹700
Immediate Resistance Zone: around ₹717 – ₹721
Major Resistance: around ₹734 – ₹735
🔹 Intraday Trading View
If price holds above ₹709, bulls may push towards ₹721 – ₹734.
If price slips below ₹706, a retest of ₹700 – ₹695 is possible.
Consolidation is likely in the ₹709 – ₹721 range before any major breakout.
🔹 Indicators (1-Hour Chart)
Moving Averages → Price trading above 20 EMA and 50 EMA, showing short-term strength.
RSI → Near the 60–65 zone, still bullish but close to overbought.
Volume → Slightly increasing on up-moves, showing buyers are active.
🔹 Summary
Bias: Bullish to range-bound
Support Levels: ₹706 / ₹700
Resistance Levels: ₹721 / ₹734
Intraday traders should watch the ₹709 – ₹721 band for breakout or breakdown trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.