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2021 Tata Steel (TATASTEEL) technical analysis [forecast] stock price targets

Tata Steel technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Tata Steel deals in Iron & Steel Tata Steel option chain analysis

Date Close Open High Low Volume
21 Thu Jan 666.70 691.00 694.75 661.60 161.18 lakhs
20 Wed Jan 690.15 690.15 699.50 682.60 233.13 lakhs
19 Tue Jan 681.10 672.00 683.95 647.00 312.45 lakhs
18 Mon Jan 666.70 708.00 708.75 659.50 250.45 lakhs
15 Fri Jan 705.90 712.00 721.50 697.65 206.88 lakhs
TATASTEEL chart

My analysis of stock is bearish for shortterm, and stock might move down till 646.2 or till 610.1. Use a stoploss of 676.21 and if the stock hits stoploss, then it can shoot up till 706.27

  • Daily Price action analysis of 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.

  • Daily Price action analysis of TATASTEEL based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

  • Daily Price action analysis of TATASTEEL based on a mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Intraday technical analysis of Tata Steel

Stock is trading at 651.70 as on 22 Fri Jan 12:15

Day open is at 670.00, day high is at 675.80, day low is at 650.25, and day volume is at 1830.43 lakhs so far.

First 15 minute high low range is 663.35 - 675.80

First hour high low range is 660.30 - 675.80

Date Intraday Price Open High Low Volume
22 Fri Jan 12:15 651.70 670.00 675.80 650.25 10239884
22 Fri Jan 12:10 651.60 670.00 675.80 650.80 9989977
22 Fri Jan 12:05 653.15 670.00 675.80 651.45 9782368
22 Fri Jan 12:00 654.75 670.00 675.80 651.45 9602415
22 Fri Jan 11:55 653.85 670.00 675.80 651.45 9452175
Intraday TATASTEEL chart

Trend of Tata Steel is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Tata Steel (TATASTEEL) intraday stock price targets

  • EntEntry: 669.58 or 671.1625
  • Upside target: 675.8
  • Downside target : 650.9
  • Second Upside target: 680.73
  • Second Downside target : 647.58

Tata Steel (TATASTEEL) weekly technical analysis

Date Weekly Close Open Range Volume
21 Thu Jan 666.70 708.00 647.00
708.75
957.214 lakhs
15 Fri Jan 705.90 712.00 688.20
724.50
931.332 lakhs
08 Fri Jan 713.15 649.00 646.45
731.50
1369.022 lakhs
01 Fri Jan 643.10 628.25 621.05
653.50
585.357 lakhs
24 Thu Dec 622.30 624.00 585.00
636.95
622.526 lakhs
weekly TATASTEEL chart

Weekly forecast of Tata Steel is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Tata Steel based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Weekly Price action analysis of Tata Steel based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Tata Steel (TATASTEEL) Monthly technical analysis

Date Monthly Close Open Range Volume
21 Thu Jan 666.70 645.00 640.00
731.50
3341.682 lakhs
31 Thu Dec 643.65 592.00 576.95
653.50
3589.082 lakhs
27 Fri Nov 577.35 410.00 398.70
582.35
4617.607 lakhs
30 Fri Oct 410.55 364.30 362.50
426.00
3753.293 lakhs
30 Wed Sep 359.75 413.90 342.75
443.65
3205.33 lakhs
monthly TATASTEEL chart

Monthly forecast of Tata Steel is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Tata Steel based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Monthly Price action analysis of Tata Steel based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Tata Steel Daily stock price targets

  • Upside daily target: 722.63
  • Upside daily target: 687.73
  • Downside daily target: 647.58

Tata Steel Weekly stock price targets

  • Upside weekly target: 764.85
  • Upside weekly target: 715.2
  • Upside weekly target: 679.8
  • Downside weekly target: 642.79
  • Downside weekly target: 609.43
  • Downside weekly target: 577.68
  • Downside weekly target: 525.83

Tata Steel Monthly stock price targets

  • Upside monthly target: 744.85
  • Upside monthly target: 692.43
  • Downside monthly target: 653.35
  • Downside monthly target: 610.3
  • Downside monthly target: 535.19
  • Downside monthly target: 488.03
  • Downside monthly target: 450.03
  • Downside monthly target: 414.76
  • Downside monthly target: 387.53
  • Downside monthly target: 364.15
  • Downside monthly target: 343.3
  • Downside monthly target: 314.98
  • Downside monthly target: 289.58
  • Downside monthly target: 274.65

Tata Steel (TATASTEEL) indicators technical analysis

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.

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

MACD generated a SELL signal for Tata Steel in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Tata Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 691.53 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 positive

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

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chart TATASTEEL