TATAMOTORS 1H Time frame

Market Snapshot

Current Price: ~₹708

Intraday Range: ~₹706 – ₹712

Bias: Sideways to mildly bullish

📈 Moving Averages (1H)

20-hour MA: ~₹707 → acting as short-term support

50-hour MA: ~₹704 → supportive level below

200-hour MA: ~₹699 → strong base, long-term intraday support

All moving averages are aligned above each other → bias is bullish.

🔎 Indicators

RSI (14, hourly): ~59 → Momentum positive, not overbought

MACD (1H): Bullish crossover, showing upward momentum

ADX: ~20 → Trend strength is still weak to moderate

Stochastic: Near overbought → caution for minor pullback

🔧 Key Levels

Support: ₹705 → first support, then ₹700 as stronger base

Resistance: ₹712 → immediate resistance, next at ₹715

🧭 Short-Term Outlook

Bullish Case: Break above ₹712–715 zone could push price toward ₹720+.

Bearish Case: Failure at resistance + RSI overbought may drag it back to ₹705 or even ₹700.

Overall Bias: Slightly bullish, but resistance is close and strong.