TATASTEEL LTP 169.80
| Counter | TATASTEEL LTP 169.80 |
| Call | Buy-On-Dip |
| Target 1 | 184 |
| Target 2 | 190 |
| Stop Loss | 159 (Closing Basis) |
| Time Horizon | 2-3 months |
Tata Steel Ltd is a well-diversified business conglomerate engaged in manufacturing ball bearings, hand tools, tubes, and steel wires, along with operating chrome mines. The company also has significant business interests in steel, ferro alloys, and minerals.
| Previous Close | 169.41 | TTM EPS | 3.64 |
| 52 Week High | 172.50 | TTM PE | 46.64 |
| 52 Week Low | 122.62 | P/B | 2.36 |
| Sector PE | 24.89 | Mkt Cap (Rs. Cr.) | 211,945 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)- TATASTEEL on the weekly chart has given an inverted head and shoulder pattern breakout, and prices have closed above the neckline of the pattern.
- The stock on the daily chart has given a rectangle pattern, which confirms the bullish stance.
- A higher-than-average volume would confirm the breakout’s strength and suggest that the upward move has solid backing.
- The prices are trading above their 21 and 50 EMA, acting as a cushion support for the stock. The RSI crosses at 60 with a bullish crossover, reinforcing the bullish outlook and signalling sustained positive momentum.
