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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 2024-05-30 View latest technical analysis

10 day averaged volume of Tata Steel is 40590994

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	164.15	172.00	172.00	163.35	2.681 times
29 Wed May 2024	174.25	174.75	176.00	173.50	0.901 times
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

Stock of Tata Steel (TATASTEEL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 163.8 as stoploss in an intra day buy trade for a target of 168.55. However, stock will show a bearish move below 163.8.

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
Upside Target	167.95
Upside Target	168.45
Upside Target	168.65
Upside Target	170.70
Upside Target	170.75
Upside Target	177.55
Upside Target	177.70

Intraday share price targets for Tata Steel (TATASTEEL)

Target Type	Value
Downside Intraday Target	159.1
Downside Intraday Target	154.05
Upside Intraday Target	173.45
Upside Intraday Target	182.75
Upside Intraday Target	168.4

Weekly technical analysis of Tata Steel (TATASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	164.15	177.70	177.70	163.35	0.996 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 down 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
30 Thu May 2024	164.15	165.00	177.70	158.05	0.83 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 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 Steel (TATASTEEL)

Price action analysis of Tata Steel ( (TATASTEEL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Tata Steel ( (TATASTEEL) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

Tata Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Tata Steel in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 171.56 and Tata Steel (TATASTEEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 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.