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MARKET OUTLOOKSTOCK OUTLOOKTATASTEEL

Tata Steel Outlook for the Week (December 18, 2023 – December 22, 2023)

Tata Steel
Tata Steel
Tata Steel closed the previous week on a negative note losing 5.85%.

Technically, Tata Steel share price will see immediate support at 131.22 and immediate resistance would be seen at 139.22.

If Tata Steel share price closes below immediate support of 131.22, then sharp breakdown can be seen. Tata Steel share price will see major support at 125.98 for the week.

On the positive side, immediate resistance will be seen at 139.22. Closing above 139.22, Tata Steel share price will see a sharp breakout. Major resistance for Tata Steel share price will be seen at 141.98 for the week.

Trading range for Tata Steel share price for this week should be between 123.22 on down side and 147.22 on up side.

Tata Steel Previous Week High: 136.75

Tata Steel Previous Week Low: 128.75

Tata Steel Previous Week Range: 8 Points

Tata Steel share price support and resistance for the week (December 18, 2023 – December 22, 2023)

Level Type Value
Resistance 3 147.22
Resistance 2 141.98
Resistance 1 139.22
Support 1 131.22
Support 2 125.98
Support 3 123.22
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