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2022 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
27 Thu Jan 1088.35 1090.00 1103.45 1061.30 90.57 lakhs
25 Tue Jan 1109.10 1094.70 1121.00 1087.05 57.33 lakhs
24 Mon Jan 1099.20 1160.00 1163.65 1090.00 83.92 lakhs
21 Fri Jan 1169.70 1200.00 1204.30 1156.35 71.66 lakhs
20 Thu Jan 1206.70 1210.10 1224.00 1197.00 59.21 lakhs
TATASTEEL chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1116.9, but if it comes above 1116.9, then a intra day buy could be more profitable.
If you take a sell trade below 1116.9, then use 1116.9 as stoploss and 1065.6 as target. However if you take a buy trade in stock , then use 1116.9 as stoploss and 1159.67 as target.

  • 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

  • Daily Price action analysis of TATASTEEL based on a 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.

Intraday technical analysis of Tata Steel

Stock is trading at 1115.10 as on 28 Fri Jan 11:30

Day open is at 1105.85, day high is at 1120.00, day low is at 1105.00, and day volume is at 482.87 lakhs so far.

First 15 minute high low range is 1105.00 - 1119.80

First hour high low range is 1105.00 - 1120.00

Date Intraday Price Open High Low Volume
28 Fri Jan 11:30 1115.10 1105.85 1120.00 1105.00 2618287
28 Fri Jan 11:25 1115.40 1105.85 1120.00 1105.00 2592008
28 Fri Jan 11:20 1114.15 1105.85 1120.00 1105.00 2565682
28 Fri Jan 11:15 1114.90 1105.85 1120.00 1105.00 2527495
28 Fri Jan 11:10 1115.30 1105.85 1120.00 1105.00 2485349
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: 1112.4 or 1078.6
  • Upside target: 1119.8
  • Downside target : 1090.2
  • Second Upside target: 1095.9
  • Second Downside target : 1053.75

Tata Steel (TATASTEEL) weekly technical analysis

Date Weekly Close Open Range Volume
27 Thu Jan 1088.35 1160.00 1061.30
1163.65
231.818 lakhs
21 Fri Jan 1169.70 1215.00 1156.35
1245.00
352.017 lakhs
14 Fri Jan 1213.60 1165.00 1113.00
1226.30
395.473 lakhs
07 Fri Jan 1160.35 1115.00 1115.00
1183.00
253.37 lakhs
31 Fri Dec 1111.45 1111.05 1099.00
1131.50
176.343 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Weekly Price action analysis of Tata Steel 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.

Tata Steel (TATASTEEL) Monthly technical analysis

Date Monthly Close Open Range Volume
27 Thu Jan 1088.35 1115.00 1061.30
1245.00
1232.677 lakhs
31 Fri Dec 1111.45 1092.00 1066.05
1199.00
1319.981 lakhs
30 Tue Nov 1071.20 1340.00 1063.00
1372.90
1895.699 lakhs
29 Fri Oct 1315.95 1275.00 1265.00
1426.55
1641.302 lakhs
30 Thu Sep 1288.90 1451.25 1232.90
1476.00
2094.521 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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: 1264.7
  • Upside daily target: 1202.15
  • Upside daily target: 1139.05
  • Downside daily target: 1078.6

Tata Steel Weekly stock price targets

  • Upside weekly target: 1276.6
  • Upside weekly target: 1207.35
  • Upside weekly target: 1145.28
  • Upside weekly target: 1090.5
  • Downside weekly target: 1023.65

Tata Steel Monthly stock price targets

  • Upside monthly target: 1633.85
  • Upside monthly target: 1457.5
  • Upside monthly target: 1382.45
  • Upside monthly target: 1307.68
  • Upside monthly target: 1222.05
  • Upside monthly target: 1160.1
  • Upside monthly target: 1088.75
  • Downside monthly target: 989.55
  • Downside monthly target: 926.5

Tata Steel (TATASTEEL) indicators technical analysis

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.

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

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

Tata Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 1176.76 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.

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chart TATASTEEL