TATA
STEEL LTD
Open—206.40--High—209.30—Low—204.73—Close—208.36 on 20.2.2026.
Technically it is on a strong footing and looks good for the
continuation of the up-move, but it below its multiple tops range of 210.39---211.39 and once it moves above
this range and sustain on the closing basis then the broad upside target could
be 215---217---223---230---252, else
it may drift down, please note that it may correct at any of these points and
then may resume the up-move or halt the up-move for a while.
Similarly moving down its critical support points are at 200.55---186.94---184.60----180.60---180.06,
it may bounce back from any of these points, but break & sustained close
below 200.55 may push it into
correction mode, break & sustained close below 186.94 &184.60 will be an extreme alert sign for going down and
finally break & sustained close below180.06
may witness an accelerated fall.
The present range for the stock is between 211.39---200.55 and then 200.55—186.94---180.06.
In view of the above observation one can structure their
trade or investment accordingly.
NOTE: - It is a technical assessment of the stock as of now, the
technical interpretation changes with the price movement and time, therefore it
has to be reviewed at regular intervals, furthermore investors are advised to look into
fundamental, financial details of the company because that too keeps on
changing and last but not the least management perception for the future of the
company before taking investment decision.
Disclaimer:-The view expressed here are solely of the
author and he is not at all responsible in any way for the outcome of the trade
you enter based on the above view. It is for the educational purpose.
Kindly
note that make your cost your stop loss in favorable trade
and then trail it as the price move up/down to gain maximum profit and avoid
losses. Use support and resistance levels as entry, exit, target and trailing
stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot
market.
Contact me for strategic guidance
to enter and exit trade.
Thanks
Narendra
Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.