Tata Motors PV – Wave B/2 Near Completion, Bounce Zone Activated

The ongoing decline appears to be unfolding as a complex corrective structure, with Wave C of the larger Wave B/2 now approaching its typical termination area. Price has reached the 0.786 Fibonacci support at ₹350.35 — a level where deeper corrective phases frequently exhaust themselves.

Structurally, the final leg of Wave C shows a clear five-wave micro pattern, and downside momentum has begun to fade. The RSI is printing early bullish divergence, suggesting that sellers are losing strength even as price tests fresh lows. This combination often precedes a relief bounce within the broader framework.

As long as the price respects ₹323.45, this corrective interpretation remains valid and a bounce from the current zone is the preferred expectation. A decisive close below the invalidation level would signal that the correction is not yet complete and that a deeper retracement is unfolding.

Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.