Tata Motors – Multi-Month Base Breakout | Two Target Zones

• Setup: After a steep downtrend, stock built a 6-month rectangle between 650–720.
  
• Breakout Trigger: Price closed above 720 with a wide 5.6% range bar + volume surge.
  
• Weekly Confirmation: Strong +8.2% weekly close at 728, above all key moving averages (20/50/200).
  
• Momentum: Daily RSI >60, Weekly RSI >55 → regime shift from bear to bull.
  

Targets:
Short-Term (Rectangle Width)

• Base width: ~70 pts → Target = 790–850
  
• Risk–Reward: ~2–3:1
  

Mid-Term (Retracement to Breakdown Zone)

• Previous breakdown zone ~1100
  
• Projection points to 1050–1100 if trend extends
  
• Risk–Reward: 5+:1
  

Risk Levels:

• Breakout line: 720
  
• Buffer support: 710
  
• Invalidation: Weekly close <700
  

Summary:
Tata Motors has shifted from consolidation to breakout with both range expansion + volume confirmation. First leg targets 790–850. If sustained, larger swing move could unfold toward 1050–1100, retracing the prior breakdown zone.

Disclaimer: Educational technical analysis only, not financial advice. Always manage risk.