TATASTEEL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.8

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

📊 Trend Overview

Current Trend: Mild Uptrend

Price is above both 50-DMA (₹158) and 200-DMA (₹151) — confirms bullish structure.

RSI (53.8) — neutral to slightly bullish.

MACD (1.03) — positive, indicating upward momentum.

Volume: In line with 1-week average — steady participation.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50-DMA and 200-DMA → bullish bias.

No crossover risk — trend intact.

Bollinger Bands

Price near upper band — momentum is strong, but volatility may rise.

Support Levels

₹158 (50-DMA)

₹151 (200-DMA)

₹145 – ₹150 (historical support zone)

Resistance Levels

₹165 – ₹170 (recent swing highs)

₹175 – ₹180 (psychological resistance)

🔍 Momentum Signals

Short-Term Bias: Mildly Bullish

RSI > 50 and MACD positive — momentum favors upside.

No signs of divergence or exhaustion.

Volume Trend: Stable — confirms trend continuation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹158 – ₹162 Near support, MACD strength

Exit Target ₹170 – ₹175 Resistance zone and swing highs

Stop Loss ₹150 Below key moving averages

🧠 Summary

TATASTEEL is currently trending upward, supported by price action above key moving averages and a positive MACD. RSI suggests stability, and volume trends confirm steady interest. A breakout above ₹170 with volume confirmation could open the path toward ₹175+. Traders may consider accumulating near ₹158 with tight risk management.

Want to explore how this setup compares with other metal sector stocks or dive into cyclical rotation strategies? I’ve got plenty of ideas to help you dig deeper.

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