Tata Motors Passenger Vehicles Ltd on the weekly timeframe shows a clear transition from a strong uptrend to a corrective phase.
After a long consolidation in 2021–2023, the stock gave a powerful breakout followed by a healthy retest, which triggered a multi-year rally.
The upmove slowed near the major resistance and supply zone around ₹590–₹690, where heavy profit booking created a distribution phase.
In 2025, the chart formed a classic Double Top pattern, indicating weakening bullish momentum. The breakdown below the neckline confirms bearish sentiment, pushing the price toward lower support zones.
Key supports lie at ₹318, ₹312, ₹273, ₹266, and the major demand zone between ₹218–₹232, where long-term buyers may re-enter.
Upside strength will return only if the price reclaims the neckline and sustains above the major resistance at ₹452–₹495.
Until then, the short-term trend remains bearish while long-term structure stays intact above the demand zone.
After a long consolidation in 2021–2023, the stock gave a powerful breakout followed by a healthy retest, which triggered a multi-year rally.
The upmove slowed near the major resistance and supply zone around ₹590–₹690, where heavy profit booking created a distribution phase.
In 2025, the chart formed a classic Double Top pattern, indicating weakening bullish momentum. The breakdown below the neckline confirms bearish sentiment, pushing the price toward lower support zones.
Key supports lie at ₹318, ₹312, ₹273, ₹266, and the major demand zone between ₹218–₹232, where long-term buyers may re-enter.
Upside strength will return only if the price reclaims the neckline and sustains above the major resistance at ₹452–₹495.
Until then, the short-term trend remains bearish while long-term structure stays intact above the demand zone.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.