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Technicals for Tata Steel Limited
By MusingTheNews
2025-06-13 20:57
Overall Technical outlook
Price Summary
Tata Steel Limited's stock, on 2025-06-13 opened at 149.8, climbed to a high of 152.5, dropped to a low of 149.8, and closed up 1.56% at 152.13, with 24271645 shares traded. The stock reached its highest price of 183.15 and its lowest price of 122.93 during the 52-week period. The projected price range for Tata Steel Limited is between 115.0 and 185.0, with an expected mean price of 153.43333, according to 30 analysts.
Technicals
Support and Resistance: At 152.13, the price for TATASTEEL is supported at 150.3 and resisted at 159.04. This indicates a trading range where 150.3 serves as a support level, potentially preventing further decline, while 159.04 could limit upward movement. Support/Resistance for TATASTEEL
Aroon: The persistent bearish trend in Aroon, with Aroon Down still at the 100 level, suggests continued weakness. To gain a complete understanding of this trend, it should be explored further in conjunction with other technical indicators. Aroon chart for Tata Steel Limited
Bol. Bands: Since the last move, the price has remained below the lower Bollinger Band, indicating a persistent downward trend. This position suggests that TATASTEEL might be oversold, with the possibility of continued bearish pressure. The sustained stay below the band highlights ongoing negative momentum, making it a key area for traders to watch for potential reversals or further declines in the market. Bolinger Bands chart for Tata Steel Limited
Parabolic SAR: The PSAR remains bearish for Tata Steel Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise. Parabolic Stop and Reverse chart for Tata Steel Limited
Stochastic: The Stochastic K-line for TATASTEEL is now below the D-line and under 20, reflecting a mildly bearish signal. This suggests that the market could see some downside pressure, but the bearish sentiment is not yet dominant. Traders should be aware of this and monitor the situation closely. Stochastic chart for Tata Steel Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Tripple SMA chart for Tata Steel Limited
To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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