TATAMOTORS 1 Hour View

On the 1-hour chart, Tata Motors exhibits a neutral trend, indicating indecision in the short term. Key technical indicators are as follows:

Relative Strength Index (RSI): Approximately 50, suggesting balanced buying and selling pressures.

Moving Averages: The stock is trading near its short-term moving averages, with no clear bullish or bearish crossover.

Volume: Trading volume is consistent with recent averages, showing no significant spikes.

Given these indicators, the stock is consolidating within a range, awaiting a catalyst for a directional move.

🔍 Key Levels to Watch

Immediate Support: Around ₹670–₹675. A breakdown below this level could lead to a retest of ₹650.

Immediate Resistance: Approximately ₹690–₹695. A breakout above this zone may target ₹720–₹730.

⚠️ Market Context

The recent uptick follows a challenging period marked by a cyberattack at Jaguar Land Rover, which had a significant financial impact. While operations are resuming, the stock remains sensitive to further developments.