Tata Motors share price could take support from 52-week lows and we can expect a technical bounce for the automobile major. Tata Motors can also witness value buying from lower levels if overall market sentiment improves. But, if selling continues in Indian stocks, we could even see lower levels for Tata Motors. A close above Rs 700 could take the stock towards next major resistance at Rs 770. Tata Motors, one of India’s largest automobile manufacturers, has been a key player in the country’s passenger, commercial, and electric vehicle segments. The company has experienced significant volatility over the past year, with a 52-week high of Rs 1,179.00 and a low of Rs 667.05.

Stock Performance and Key Financial Metrics

Tata Motors to Expand India's EV Charging Infrastructure, Aiming for 400,000 Charging Points by 2027

Tata Passenger Electric Mobility (TPEM), a subsidiary of Tata Motors, has unveiled ambitious plans to expand India’s EV charging network, targeting a 400,000 charging point milestone by 2027. The initiative is aimed at accelerating the adoption of electric vehicles (EVs) in India by creating an extensive and accessible charging ecosystem.

To achieve this, TPEM has signed strategic Memorandums of Understanding (MoUs) with leading charging infrastructure providers, including Tata Power, ChargeZone, Statiq, and Zeon. As part of this effort, the company plans to deploy 500 Tata.ev Mega Chargers across key locations, further strengthening India’s EV infrastructure.

At present, India has approximately 250,000 registered electric cars, with Tata Motors commanding the lion’s share, accounting for over 200,000 EVs on the road. However, despite the growing EV market, public charging infrastructure remains a challenge, with only 18,000 of the 170,000 chargers in the country being publicly accessible.

Tata Motors Introduces Discount on Tata Curvv for the First Time

In another strategic move, Tata Motors has announced a discount on the Tata Curvv for the first time, signaling an effort to attract more consumers to its premium EV lineup. This move is expected to drive greater interest and affordability in Tata’s electric offerings, positioning the brand as a key player in India's evolving EV landscape.

By expanding charging accessibility and making EV ownership more affordable, Tata Motors continues to strengthen its leadership in the Indian electric vehicle market, setting the stage for sustained long-term growth and adoption of clean mobility solutions.

Technical Analysis: Key Indicators and Market Trends

1. Candlestick Pattern Analysis
Analyzing Tata Motors’ daily candlestick chart, the following observations emerge:

Bullish Reversal Signals: The formation of a hammer candlestick near Rs 670 indicates strong buying pressure, suggesting a possible price rebound.
Resistance at Rs 700: If the stock crosses this level, a breakout rally toward Rs 750-770 could materialize.
Bearish Pressure Below Rs 667: A breakdown below this crucial support level may trigger a decline toward Rs 650-630 levels.
2. Fibonacci Retracement Levels
Fibonacci retracement levels are essential in identifying support and resistance zones.

Key Observations:

Rs 770.69 (61.8% retracement) is a major resistance level.
A breakout beyond Rs 873.02 (50% retracement) can indicate further upside potential.
Support is expected around Rs 715.82 and Rs 667.05, which could limit downside movements.
3. Support and Resistance Levels
Tracking support and resistance levels provides critical insights for entry and exit points.

Comparison With Industry Peers

Tata Motors faces intense competition from Maruti Suzuki and Mahindra & Mahindra in passenger and electric vehicle segments.

Bottomline for Investors and Traders

Tata Motors’ stock presents a compelling investment opportunity due to its strong industry positioning, EV leadership, and improving financial metrics. However, investors should track key resistance and support levels before making trading decisions.