Tata Motors Holds at Key Support, Oversold Levels Hint at Potent

Topic Statement:
Tata Motors, heavily beaten down and still oversold, is clinging to crucial support that could define its next move.

Key Points:
* The stock has repeatedly taken support at the 61.8% Fibonacci retracement level, where it currently trades even today
* Price is hovering just above the 180-day EMA, suggesting a delicate balance between support and further downside risk
* A move up is possible from this oversold level, but if support breaks, the price could slide further toward the 400 zone