Tata Steel Share Price | Tata Steel share will prosper, signs of rocket bullishness, note update – NSE: TATASTEEL
Tata Steel Share Price | Tata Steel Limited shares have declined 17.51 percent in the last six months. Tata Steel shares are down 41 per cent from their 52-week high of Rs 184.60 hit on June 18, 2024. On January 13, Tata Steel shares had reached a 52-week low of Rs 122.60. According to its Simple Moving Average, Tata Steel shares are in a downward trend in the short term.
The stock is not trading in the overbought or oversold zone
Shares of Tata Steel Limited are trading below 20-day, 30-day, 50-day, 100-day, 150-day moving average and 10-day moving average. Tata Steel's Relative Strength Index is 35.1, which indicates that the stock is not trading in overbought or oversold zones. On Monday (January 20, 2025), the stock was trading 0.19% higher at Rs 131.
ICICI Securities Brokerage Firm
The brokerage firm of ICICI Securities has advised to buy shares of Tata Steel Limited Company. According to the brokerage firm of ICICI Securities, Tata Steel shares may return to their highs. The brokerage firm has announced a target price of Rs 190 for Tata Steel shares. On the other hand, SEBI registered stock market expert A.R. On Tata Steel shares, Ramachandran said that Tata Steel shares are showing bullish signs on the daily chart with strong support of Rs 127. Tata Steel shares may rise to Rs 144 in the near term if they close above the resistance of Rs 131.
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