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

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

Tata Steel trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2024-05-28 View latest technical analysis

10 day averaged volume of Tata Steel is 40598870

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	174.90	175.90	177.50	173.45	0.966 times
27 Mon May 2024	175.50	177.70	177.70	174.85	0.749 times
24 Fri May 2024	174.85	174.95	177.55	174.15	0.953 times
23 Thu May 2024	175.50	173.05	175.80	170.50	1.216 times
22 Wed May 2024	173.30	175.45	175.50	171.50	1.057 times
21 Tue May 2024	174.35	168.50	175.20	167.95	2.09 times
18 Sat May 2024	167.90	168.00	168.30	167.30	0.089 times
17 Fri May 2024	167.35	166.60	168.45	165.45	0.965 times
16 Thu May 2024	165.90	167.25	168.00	162.30	1.013 times
15 Wed May 2024	165.60	164.95	167.55	164.95	0.729 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 172.8, but if it comes below 172.8, then a intra day sell could be more profitable.
If you take a sell trade below 172.8, then use 172.8 as stoploss and 168.24 as target. However if you take a buy trade in stock , then use 172.8 as stoploss and 178.2 as target.

Share price targets for Tata Steel (TATASTEEL)

Target Type	Value
Downside Target	128.20
Downside Target	134.10
Downside Target	138.35
Downside Target	147.40
Downside Target	156.50
Downside Target	167.95
Downside Target	168.65
Downside Target	170.70
Downside Target	170.75
Downside Target	173.45
Upside Target	177.55
Upside Target	177.70

Intraday share price targets for Tata Steel (TATASTEEL)

Target Type	Value
Downside Intraday Target	173
Downside Intraday Target	171.1
Upside Intraday Target	177.25
Upside Intraday Target	179.6
Upside Intraday Target	175.35

Weekly technical analysis of Tata Steel (TATASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	174.90	177.70	177.70	173.45	0.323 times
24 Fri May 2024	174.85	168.50	177.55	167.95	1.099 times
18 Sat May 2024	167.90	162.45	168.45	158.05	1.134 times
10 Fri May 2024	162.25	167.95	168.65	161.50	0.746 times
03 Fri May 2024	166.50	168.20	170.75	164.50	0.946 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 Steel (TATASTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Tue May 2024	174.90	165.00	177.70	158.05	0.7 times
30 Tue Apr 2024	165.00	156.80	170.70	156.50	0.802 times
28 Thu Mar 2024	155.85	143.00	159.15	138.35	1.678 times
29 Thu Feb 2024	140.85	136.40	147.40	134.10	0.988 times

Scroll below to view daily charts

Price has moved up 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 Steel (TATASTEEL)

Price action analysis of Tata Steel ( (TATASTEEL) ) 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 Steel ( (TATASTEEL) ) 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 Steel ( (TATASTEEL) ) 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 Steel stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Tata Steel in short term and the buy signal is strong.

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

Tata Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 172.3 and Tata Steel (TATASTEEL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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

Tata Steel Stock is giving positive 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.