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(TATAMETALI) Tata Metaliks complete technical analysis [charts+indicators] | Buy/Sell Tata Metaliks | (TATAMETALI) share price targets

Complete technical analysis of Tata Metaliks (TATAMETALI) by charts plus indicators, forecast predictions and share price targets for Tata Metaliks (TATAMETALI)

Tata Metaliks trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2024-01-31 View latest technical analysis

10 day averaged volume of Tata Metaliks is 104968

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	1066.35	1068.40	1074.30	1054.05	0.459 times
30 Tue Jan 2024	1060.40	1068.00	1083.90	1056.00	0.764 times
29 Mon Jan 2024	1061.45	1069.00	1069.00	1050.55	0.863 times
25 Thu Jan 2024	1047.55	1067.70	1073.95	1036.10	0.969 times
24 Wed Jan 2024	1059.75	1024.95	1063.50	1017.80	0.916 times
23 Tue Jan 2024	1020.50	1053.70	1058.95	1014.00	0.633 times
22 Mon Jan 2024	1053.75	1058.00	1058.00	1040.85	0.451 times
19 Fri Jan 2024	1052.95	1037.00	1057.00	1028.00	1.595 times
18 Thu Jan 2024	1026.55	1035.95	1037.90	1004.35	1.164 times
17 Wed Jan 2024	1031.60	1070.75	1070.75	1029.40	1.323 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1064.3, but if it comes below 1064.3, then a intra day sell could be more profitable.
If you take a sell trade below 1064.3, then use 1064.3 as stoploss and 1050.71 as target. However if you take a buy trade in stock , then use 1064.3 as stoploss and 1080.6 as target.

Share price targets for Tata Metaliks (TATAMETALI)

Target Type	Value
Downside Target	868.20
Downside Target	895.90
Downside Target	922.95
Downside Target	987.05
Downside Target	1050.55
Upside Target	1068.00
Upside Target	1073.95
Upside Target	1083.90
Upside Target	1088.80
Upside Target	1090.80
Upside Target	1093.60

Intraday share price targets for Tata Metaliks (TATAMETALI)

Target Type	Value
Downside Intraday Target	1049.97
Downside Intraday Target	1033.58
Upside Intraday Target	1083.32
Upside Intraday Target	1100.28
Upside Intraday Target	1066.93

Weekly technical analysis of Tata Metaliks (TATAMETALI)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	1066.35	1069.00	1083.90	1050.55	0.703 times
25 Thu Jan 2024	1047.55	1058.00	1073.95	1014.00	0.45 times
19 Fri Jan 2024	1052.95	1065.00	1088.80	1004.35	3.484 times
12 Fri Jan 2024	1061.70	1051.25	1068.00	1025.00	0.459 times
05 Fri Jan 2024	1046.00	1081.90	1093.60	1038.00	0.87 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Tata Metaliks (TATAMETALI)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	1066.35	1081.90	1093.60	1004.35	0.958 times
29 Fri Dec 2023	1074.10	989.90	1090.80	987.05	1.592 times
30 Thu Nov 2023	989.90	898.90	994.00	868.20	0.698 times
31 Tue Oct 2023	898.90	961.00	1006.65	895.90	0.697 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Tata Metaliks (TATAMETALI)

Price action analysis of Tata Metaliks ( (TATAMETALI) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tata Metaliks ( (TATAMETALI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tata Metaliks ( (TATAMETALI) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Tata Metaliks stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Tata Metaliks in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Tata Metaliks Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Tata Metaliks in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Tata Metaliks is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1046.49 and Tata Metaliks (TATAMETALI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Tata Metaliks (TATAMETALI) stock. Volume based technical analysis of Tata Metaliks (TATAMETALI) stock is negative.

Tata Metaliks Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.