Stock Information Portal

Price and trend forecast of TATASTEEL for Tomorrow, Weekly, Monthly

Tata Steel Limited

Symbol: NSE:TATASTEEL

ISIN: INE081A01020

147.57

As on 2024-11-08

118.55 (52W Low) 184.60 (52W High)

TATASTEEL's Today's Performance

Tata Steel Limited started the day by opening at 152.00 today 2024-11-08. Its shares reached a high of 152.00 and dipped to a low of 146.94 in intraday. When the markets closed, TATASTEEL’s stock price settled at ₹147.57 per share. Also check out its key support and resistance levels.

TATASTEEL Buy/Sell Targets

Tomorrow, sell TATASTEEL when its price reaches ₹ 147.57 with a stop-loss order at ₹ 150.43. You can set the target price as ₹ 144.71 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of TATASTEEL for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for TATASTEEL

Downside Targets Value in ₹
Tomorrow Down Target 1 151
Tomorrow Down Target 2 154
Tomorrow Down Target 3 156

Important Levels for TATASTEEL

Holding Levels Value in ₹
Tomorrow Up Target 1 146
Tomorrow Up Target 2 144
Tomorrow Up Target 3 141
Based on where the stock opens tomorrow, if TATASTEEL opens on a positive note, our first target will be ₹151. If Target 1 is achieved, we will aim for Target 2 which is ₹154.

But if TATASTEEL falls below the average value of ₹148.84, you can enter a sell side position with target number 1 - ₹146 and second target - ₹144 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of TATASTEEL

Looking at TATASTEEL, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, TATASTEEL has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for TATASTEEL is strong bearish.

Tomorrow's Volume based share price Forecast for TATASTEEL

TATASTEEL's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 33%.

Reversal detection for TATASTEEL

Predicted trend chart of TATASTEEL tomorrow for price forecast
TATASTEEL may trend may continue to be bearish since stock is making lower low and we can get target of ₹153 in morning tomorrow
Target 1 tomorrow151
Target 2 tomorrow152
Target 3 tomorrow154
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with TATASTEEL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if TATASTEEL opens on a positive note, our first target will be ₹150.73. If Target 1 is achieved, we will aim for Target 2 which is ₹153.90.

But if TATASTEEL falls below the average value of ₹148.84, you can enter a sell side position with target number 1 - ₹145.67 and second target - ₹143.78

TATASTEEL's Weekly Targets
1st Up Target 154.63
2nd Up Target 161.68
1st Down Target 142.81
2nd Down Target 138.04

As the week for TATASTEEL ended on bearish sentiments, we can expect further continuation of this sentiment. TATASTEEL's initial target will be 154.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 142.81 in the upcoming week.

Weekly OHLC Values
Open 150.00
High 156.92
Low 145.10
Close 147.57

Week for TATASTEEL started with an open price of 150.00, and the close was at 147.57. TATASTEEL reached the highest of 156.92 and dipped lowest up to 145.10 last week. This indicates a bearish sentiment for the week.

TATASTEEL full month swing targets
Monthly Up Target 1 166.45
Monthly Up Target 2 173.50
Monthly Down Target 1 130.99
Monthly Down Target 2 114.40

Targets of ₹166.45 can be expected to be reached in the coming month. Once TATASTEEL achieved this target, we can aim for the next upside target of ₹173.50.

TATASTEEL if fails to hold upside, down targets of ₹130.99 and ₹114.40 can be achieved by end of this month.

For complete three weeks if TATASTEEL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as TATASTEEL

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

TATASTEEL is expected to reach the target of 150.73 in tomorrow's trading session.

After achieving the initial target in TATASTEEL, we will aim for higher targets of 153.90 tomorrow.

However, if TATASTEEL starts to trade below ₹148.84, then we will shift our focus to the sell side and aim for down targets of 145.67 and 143.78.