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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 2024-06-07 View latest technical analysis

10 day averaged volume of Tata Steel is 66685582

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	178.90	172.00	179.65	170.80	1.264 times
06 Thu Jun 2024	172.05	170.00	174.70	169.40	0.869 times
05 Wed Jun 2024	169.20	162.15	169.60	159.00	0.901 times
04 Tue Jun 2024	158.95	174.50	174.65	148.15	1.875 times
03 Mon Jun 2024	174.25	173.25	175.00	168.85	1.296 times
31 Fri May 2024	167.20	166.05	167.95	164.00	1.255 times
30 Thu May 2024	164.15	172.00	172.00	163.35	1.632 times
29 Wed May 2024	174.25	174.75	176.00	173.50	0.548 times
28 Tue May 2024	174.90	175.90	177.50	173.45	0.588 times
27 Mon May 2024	175.50	177.70	177.70	174.85	0.456 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 175.3, but if it comes below 175.3, then a intra day sell could be more profitable.
If you take a sell trade below 175.3, then use 175.3 as stoploss and 170.15 as target. However if you take a buy trade in stock , then use 175.3 as stoploss and 181.5 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	168.65
Downside Target	170.70
Downside Target	177.55
Downside Target	177.70
Upside Target	179.65

Intraday share price targets for Tata Steel (TATASTEEL)

Target Type	Value
Downside Intraday Target	158.15
Downside Intraday Target	137.4
Upside Intraday Target	189.65
Upside Intraday Target	200.4
Downside Intraday Target	168.9

Weekly technical analysis of Tata Steel (TATASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	178.90	173.25	179.65	148.15	1.385 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
07 Fri Jun 2024	178.90	173.25	179.65	148.15	0.407 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Tata Steel ( (TATASTEEL) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling is losing 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 169.23 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.