Tata Motors is expected to post a 34% fall in Q1 profit amid weak JLR sales and US tariff pressure. The stock, down 12.4% YTD, faces resistance at ₹700, says SEBI RA Rohit Mehta. Despite the near-term correction, long-term support at ₹500-540 remains intact. Retail sentiment is bullish ahead of results due August 8.