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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.