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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 2024-06-03 View latest technical analysis

10 day averaged volume of Tata Steel is 51812981

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	174.25	173.25	175.00	168.85	1.667 times
31 Fri May 2024	167.20	166.05	167.95	164.00	1.616 times
30 Thu May 2024	164.15	172.00	172.00	163.35	2.1 times
29 Wed May 2024	174.25	174.75	176.00	173.50	0.706 times
28 Tue May 2024	174.90	175.90	177.50	173.45	0.757 times
27 Mon May 2024	175.50	177.70	177.70	174.85	0.587 times
24 Fri May 2024	174.85	174.95	177.55	174.15	0.746 times
23 Thu May 2024	175.50	173.05	175.80	170.50	0.953 times
22 Wed May 2024	173.30	175.45	175.50	171.50	0.828 times
21 Tue May 2024	174.35	168.50	175.20	167.95	1.637 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 173.8, but if it comes below 173.8, then a intra day sell could be more profitable.
If you take a sell trade below 173.8, then use 173.8 as stoploss and 168.91 as target. However if you take a buy trade in stock , then use 173.8 as stoploss and 179.7 as target.

Share price targets for Tata Steel (TATASTEEL)

Target Type	Value
Downside Target	134.10
Downside Target	138.35
Downside Target	147.40
Downside Target	156.50
Downside Target	167.95
Downside Target	168.85
Downside Target	170.70
Upside Target	175.00
Upside Target	177.55
Upside Target	177.70

Intraday share price targets for Tata Steel (TATASTEEL)

Target Type	Value
Downside Intraday Target	170.4
Downside Intraday Target	166.55
Upside Intraday Target	176.55
Upside Intraday Target	178.85
Downside Intraday Target	172.7

Weekly technical analysis of Tata Steel (TATASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	174.25	173.25	175.00	168.85	0.289 times
31 Fri May 2024	167.20	177.70	177.70	163.35	1.384 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

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
03 Mon Jun 2024	174.25	173.25	175.00	168.85	0.085 times
31 Fri May 2024	167.20	165.00	177.70	158.05	0.904 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 BUY. Signal strength is Weak and stock is losing momentum.

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

RSI is generating a BUY signal in short term and the buying is gaining 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 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 171.63 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.