Key ₹600 Support in Focus Amid Tesla's Potential India Entry
Tata Motors appears to have key support around ₹600, with no strong buying interest visible until that level. A pullback to test support is likely before any sustained upward movement.
The ongoing U.S.-India tariff negotiations add to uncertainty, particularly for the EV sector. If Tesla secures entry into the Indian market with favourable terms, it could intensify competition, potentially disrupting domestic players like Tata Motors. In such a scenario, Tata Motors' stock could see a sharp correction, possibly retesting the ₹300 levels if investor sentiment turns bearish.
Key levels to watch:
- Support: ₹600 (short-term), ₹300 (major downside risk)
- Resistance:₹750-₹800
The ongoing U.S.-India tariff negotiations add to uncertainty, particularly for the EV sector. If Tesla secures entry into the Indian market with favourable terms, it could intensify competition, potentially disrupting domestic players like Tata Motors. In such a scenario, Tata Motors' stock could see a sharp correction, possibly retesting the ₹300 levels if investor sentiment turns bearish.
Key levels to watch:
- Support: ₹600 (short-term), ₹300 (major downside risk)
- Resistance:₹750-₹800
Dagangan ditutup: sasaran tercapai
made a low of 608, this point will act as a support, better to book profits
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.