TATASTEEL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here’s a detailed technical analysis of Tata Steel Ltd. (TATASTEEL)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading just ₹1 below its 52-week high of ₹173. It has rallied ~40% from its low of ₹123, and the 52-week index at 98.3% confirms near-peak performance.

Long-Term Trend: Bullish, with higher highs and higher lows. The stock is well above both its 50 DMA (₹162) and 200 DMA (₹154), reinforcing trend strength.

📈 Moving Averages

50 DMA: ₹162

200 DMA: ₹154

Current Price: ₹172

Interpretation: Price is significantly above both DMAs, confirming a bullish bias. The upward slope of both averages supports continuation.

📉 MACD & RSI

MACD: Positive at 3.31 — bullish crossover, signaling upward momentum.

RSI: At 67.4 — approaching overbought territory, but still in a healthy range.

Conclusion: Momentum indicators support a buy-on-dips strategy. RSI > 70 would suggest caution for fresh entries.

📊 Volume Trends

Current Volume: 1.74 crore

1-Week Avg Volume: 1.88 crore

Interpretation: Volume is slightly below average, indicating moderate conviction. A breakout above ₹173 with volume >2 crore would confirm strength.

📉 Bollinger Bands

Price is likely near the upper band, signaling strength but also short-term resistance. A breakout with volume would confirm trend continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 162 50 DMA, short-term support

Support 2 154 200 DMA, strong base

Resistance 1 173 52-week high, immediate ceiling

Resistance 2 180–185 Psychological breakout zone

🎯 Entry & Exit Zones

Optimal Entry: ₹162–₹168 (on pullback with confirmation)

Exit Zone: ₹180–₹185 (partial profit booking), ₹190+ (final target if breakout sustains)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹162–₹168 with breakout confirmation above ₹173. Target ₹180–₹190 over the next few weeks.

Let me know if you'd like a swing trade setup or visual chart overlay based on this!

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