Tata Motors Share Price Jumps 1.04 Percent; Stock Looking Strong on Technical Charts, Immediate Resistance at Rs 735
Tata Motors share price closed around its one month highs. The automobile major has recovered from yearly lows at Rs 535 over the last few weeks. Sustained buying at lower levels has led to recovery in the counter but the stock is still down by 8 percent over the last six months. Tata Motors is currently trading comfortably higher than its major support levels. As of today, the stock trades around Rs. 724.50, notably off its 52-week high of Rs. 1,179.00, but well above the low of Rs. 535.75. Despite facing sectoral headwinds and fierce competition, the stock’s P/E ratio of 11.17 and market cap of Rs. 2.67 lakh crore suggest deep value potential. With technical indicators offering nuanced cues and recent analyst outlooks projecting recovery, Tata Motors is drawing both trader attention and long-term investor scrutiny.
Stock Snapshot and Fundamental Indicators
Below is a quick view of the stock’s current metrics:
| Metric | Value |
|---|---|
| Open | Rs. 724.50 |
| Day's High | Rs. 728.70 |
| Day's Low | Rs. 720.00 |
| Market Capitalization | Rs. 2.67 Lakh Crore |
| Price-to-Earnings Ratio (P/E) | 11.17 |
| Dividend Yield | 0.83% |
| 52-Week High | Rs. 1,179.00 |
| 52-Week Low | Rs. 535.75 |
Tata Motors' current valuation reflects both cyclical recovery and investor apprehension following sector-wide corrections in Q1 2025. However, its deep value appeal at a P/E of 11.17 stands in stark contrast to industry averages nearing 18x.
Latest Analyst Ratings and Market Sentiment
Jefferies, in its April 2025 report, retained a bullish stance with a target price of Rs. 1,000, citing resilience in domestic EV sales and stable commercial vehicle (CV) margins. Motilal Oswal echoed similar sentiment in May 2025, with a short-term target of Rs. 950, pointing to improving JLR profitability and strong Indian PV sales.
These ratings reflect institutional confidence in Tata Motors’ ability to withstand global macro pressures and capitalize on India’s electrification push.
Candlestick Pattern Analysis
The daily chart reveals a short-term bullish setup forming:
Hammer candlestick on May 27, 2025, at Rs. 716.45, indicates possible reversal.
Subsequent sessions formed higher lows, confirming a rebound.
The candle on May 30 displayed a bullish engulfing pattern, a classic signal of upward momentum resumption.
This alignment of patterns strongly hints at a near-term rally, particularly if the stock breaches Rs. 735 with volume support.
Fibonacci Retracement Levels
Using the swing low of Rs. 635.55 (early May) and swing high of Rs. 742.00 (mid-May), the Fibonacci levels are calculated as follows:
| Fibonacci Level | Price (Rs.) |
|---|---|
| 23.6% | Rs. 716.88 |
| 38.2% | Rs. 701.34 |
| 50% | Rs. 688.77 |
| 61.8% | Rs. 676.21 |
| 76.4% | Rs. 660.67 |
Rs. 716.88 now acts as a minor support level, while a close above Rs. 742 will likely trigger fresh buying up to Rs. 770.
Support and Resistance Levels
Technical levels to watch:
| Level Type | Price (Rs.) |
|---|---|
| Immediate Support | Rs. 706.50 |
| Major Support | Rs. 688.00 |
| Immediate Resistance | Rs. 735.00 |
| Major Resistance | Rs. 770.00 |
Breakout above Rs. 735 with volume could target Rs. 770–790 in the short term. However, failure to sustain above Rs. 706 may lead to a revisit of Rs. 688.
Investment Outlook and Final Word
Tata Motors offers an intriguing risk-reward profile at current levels. A confluence of strong candlestick indicators, Fibonacci retracement support, and bullish institutional commentary support a tactical accumulation view.
Investors with a medium-term horizon can consider adding on dips toward Rs. 706, with a short-term target of Rs. 770–790 and long-term potential beyond Rs. 900 if industry momentum persists.
