Tata Motors Limited (TATAMOTORS) Stock - Complete Technical Analysis - Dec 12, 2024

Tata Motors Stock Analysis: Key Levels & Trends You Should Know Technical Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Tata Motors Limited (TATAMOTORS) is currently trading at 786.35, marking a 33.30% drop from its 52-week high of 1179, reflecting considerable price weakness. However, it is 12.94% above its 52-week low, showing some upward recovery. This price action presents a tug-of-war between support and resistance zones, with important technical levels ahead.

From a technical standpoint, TATAMOTORS shows a bearish short-term trend, as indicated by the negative MACD and RSI hovering near 40.99, suggesting the stock is approaching oversold conditions. However, a reversal could happen if it holds the 785790 range, which is crucial support. Additionally, the ADX of 32.42 shows moderate trend strength, implying that theres room for volatility but not a strong directional move yet.

Looking at moving averages, the stock is struggling below key resistance levels, including the Exponential Moving Averages (EMAs) at 800 and 844, while the Classic Pivot point at 797.87 offers immediate support. If TATAMOTORS can break through resistance at 800844, there could be a potential rally toward the next resistance zone at 886.

Despite the volatility (as seen from the ATR), traders should remain cautious due to the weak momentum. Watch for confirmation of support near the 785790 range or a potential breakout above 800 for further direction. With the Stochastic RSI showing some upward pressure, its important to assess whether the stock can hold this support or reverse.