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MARKET OUTLOOKSTOCK OUTLOOKTATASTEEL

Tata Steel Outlook for the Week (August 21, 2023 – August 25, 2023)

Tata Steel
Tata Steel
Tata Steel closed the previous week on a negative note losing 4.73%.

Technically, Tata Steel share price will see immediate support at 113.53 and immediate resistance would be seen at 119.23.

If Tata Steel share price closes below immediate support of 113.53, then sharp breakdown can be seen. Tata Steel share price will see major support at 111.27 for the week.

On the positive side, immediate resistance will be seen at 119.23. Closing above 119.23, Tata Steel share price will see a sharp breakout. Major resistance for Tata Steel share price will be seen at 122.67 for the week.

Trading range for Tata Steel share price for this week should be between 107.83 on down side and 124.93 on up side.

Tata Steel Previous Week High: 120.4

Tata Steel Previous Week Low: 114.7

Tata Steel Previous Week Range: 5.7 Points

Tata Steel share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 124.93
Resistance 2 122.67
Resistance 1 119.23
Support 1 113.53
Support 2 111.27
Support 3 107.83

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