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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 2024-08-16 View latest technical analysis

10 day averaged volume of Tata Steel is 61219636

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	149.52	148.00	150.00	146.46	0.884 times
14 Wed Aug 2024	146.17	149.90	149.90	142.35	1.599 times
13 Tue Aug 2024	148.88	152.10	152.95	148.50	0.48 times
12 Mon Aug 2024	152.06	151.00	153.40	149.88	0.499 times
09 Fri Aug 2024	151.81	153.00	153.00	151.25	0.38 times
08 Thu Aug 2024	150.28	153.40	153.44	150.00	0.847 times
07 Wed Aug 2024	153.86	153.70	154.30	151.90	0.523 times
06 Tue Aug 2024	150.32	151.21	153.80	149.61	0.874 times
05 Mon Aug 2024	149.82	153.66	154.00	149.00	1.681 times
02 Fri Aug 2024	158.22	161.00	161.19	154.72	1.183 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 150.4, but if it comes above 150.4, then a intra day buy could be more profitable.
If you take a sell trade below 150.4, then use 150.4 as stoploss and 143.4 as target. However if you take a buy trade in stock , then use 150.4 as stoploss and 156.23 as target.

Share price targets for Tata Steel (TATASTEEL)

Target Type	Value
Downside Target	142.35
Downside Target	148.15
Upside Target	153.40
Upside Target	162.95
Upside Target	168.95
Upside Target	169.82
Upside Target	170.70
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	143.45
Downside Intraday Target	137.37
Upside Intraday Target	154.5
Upside Intraday Target	159.47
Downside Intraday Target	148.42

Weekly technical analysis of Tata Steel (TATASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	149.52	151.00	153.40	142.35	0.804 times
09 Fri Aug 2024	151.81	153.66	154.30	149.00	0.829 times
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

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
16 Fri Aug 2024	149.52	168.20	168.95	142.35	0.812 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Tata Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Tata Steel in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term but selling is losing 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 150.74 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 negative.

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