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MARKET OUTLOOKSTOCK OUTLOOKTATASTEEL

Tata Steel Outlook for the Week (October 16, 2023 – October 20, 2023)

Tata Steel
Tata Steel
Tata Steel closed the previous week on a negative note losing 3.39%.

Technically, Tata Steel share price will see immediate support at 122.80 and immediate resistance would be seen at 127.10.

If Tata Steel share price closes below immediate support of 122.80, then sharp breakdown can be seen. Tata Steel share price will see major support at 120.55 for the week.

On the positive side, immediate resistance will be seen at 127.10. Closing above 127.10, Tata Steel share price will see a sharp breakout. Major resistance for Tata Steel share price will be seen at 129.15 for the week.

Trading range for Tata Steel share price for this week should be between 118.50 on down side and 131.40 on up side.

Tata Steel Previous Week High: 126.9

Tata Steel Previous Week Low: 122.6

Tata Steel Previous Week Range: 4.3 Points

Tata Steel share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 131.40
Resistance 2 129.15
Resistance 1 127.10
Support 1 122.80
Support 2 120.55
Support 3 118.50
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{"buy_point":[],"sell_point":[{"en_ltd":"2023-09-20","en_sup_p_91":"129.29","en_sup_t_91":"133.37","prev_close":"130.45","en_close":"128.30","new_date":"Sep 20","prev_close_no":130}]}

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