A TECHNICAL UPDATE ON TATA STEEL LTD –23.2.2026

 

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON TATA STEEL LTD-8.3.2024.

 

TATA STEEL LTD

PREVIOUS- ATH---153. 45 MADE ON 16.8.21

NEW ATH--159. 15 MADE ON 7.3.2024

CMP---157. 25 ON 7.3.2024.

It has given breakout on 2.3.2024 from its previous all-time high of 153.45 after more than 30 months and then corrected for 3 days but again above the breakout of 153.45, which is a bullish sign, please note that if it sustains the breakout then the upside target could be 170/176/183/188/197/200/206/224/267. It is in the new territory now therefore likely to continue the up move with intermittent corrections. In worst case scenario if it holds the range of 141.25---139.30 on the closing basis then the chance of up move will be alive but sustained break below 139.30 can drag it down.  It is suggested to avoid long trade below 153.45 but can be tried on the decline near or within the range of 141.25---139.30 with a stop loss of 137. 

The authentic stop loss for the long trade now would be below 139.30 or say 137.50 and the short stop loss would be 145.  

 IMPORTANT NOTE: -- IT IS IN THE NEW ZONE THEREFORE LOOKS HIGHLY BULLISH AND LIKELY TO CONTINUE THE UP MOVE, BUT PLEASE NOTE THAT MOST OF THE ACCIDENT DO HAPPENS IN THE NEW ZONE ONLY.THEREFORE IT IS SUGGESTED TO RIDE THE RISE IN THE LONG TRADE WITH AN EXTREME CAUTION AND ALERT.                                                                                 

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 technically reviewed at regular intervals.                                                

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.

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. 

Thanks 

Narendra Kumar Surana

Mobile—8240951127/9831313654.

Email--- suranank@gmail.com