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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 2024-08-02 View latest technical analysis

10 day averaged volume of Tata Steel is 51999379

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	158.22	161.00	161.19	154.72	1.393 times
01 Thu Aug 2024	163.06	168.20	168.95	160.90	2.276 times
31 Wed Jul 2024	165.33	166.29	166.50	163.55	1.015 times
30 Tue Jul 2024	164.07	162.90	165.30	161.31	0.824 times
29 Mon Jul 2024	162.87	164.70	164.70	162.33	0.611 times
26 Fri Jul 2024	162.55	158.75	162.95	158.21	0.878 times
25 Thu Jul 2024	157.39	158.50	158.50	156.90	0.868 times
24 Wed Jul 2024	160.31	160.02	162.02	159.19	0.54 times
23 Tue Jul 2024	160.02	161.60	161.97	155.00	0.713 times
22 Mon Jul 2024	160.32	158.40	160.70	156.41	0.776 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 159.9, but if it comes above 159.9, then a intra day buy could be more profitable.
If you take a sell trade below 159.9, then use 159.9 as stoploss and 154 as target. However if you take a buy trade in stock , then use 159.9 as stoploss and 164.82 as target.

Share price targets for Tata Steel (TATASTEEL)

Target Type	Value
Downside Target	148.15
Downside Target	154.72
Upside Target	162.95
Upside Target	167.02
Upside Target	169.82
Upside Target	170.70
Upside Target	173.40
Upside Target	175.47
Upside Target	177.70
Upside Target	178.19
Upside Target	184.60

Intraday share price targets for Tata Steel (TATASTEEL)

Target Type	Value
Downside Intraday Target	152.31
Downside Intraday Target	146.4
Upside Intraday Target	166.54
Upside Intraday Target	174.86
Upside Intraday Target	160.63

Weekly technical analysis of Tata Steel (TATASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	158.22	164.70	168.95	154.72	1.62 times
26 Fri Jul 2024	162.55	158.40	162.95	155.00	1.13 times
19 Fri Jul 2024	157.77	168.69	169.82	157.20	1.05 times
12 Fri Jul 2024	168.69	174.60	175.47	167.02	1.048 times
05 Fri Jul 2024	174.71	174.50	178.19	173.40	0.754 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Tata Steel (TATASTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	158.22	168.20	168.95	154.72	0.232 times
31 Wed Jul 2024	165.33	174.50	178.19	155.00	0.806 times
28 Fri Jun 2024	174.01	173.25	184.60	148.15	1.003 times
31 Fri May 2024	167.20	165.00	177.70	158.05	0.904 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

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 red color and prices are below the red 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 negative zone. This is the SELL 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 161.56 and Tata Steel (TATASTEEL) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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