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

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Tata Motors – Multi-Month Base Breakout | Two Target ZonesTata Motors LimitedNSE:TATAMOTORSeggubondaSetup: 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