Tata Steel Share Price Analysis: Fundamental outlook and Technical Analysis

INTRODUCTION:

Due to its share price performance, Tata Steel, one of the top global steel corporations, has attracted considerable interest from investors. This blog article will examine current share price movements for Tata Steel and offer a forecast for its course in the future.

Fundamental Outlook:

Looking ahead, several factors are likely to shape the future of Tata Steel's share price. The ongoing infrastructure development initiatives in various countries, coupled with the increasing demand for steel in industries such as automotive, construction, and renewable energy, present growth opportunities for Tata Steel. Additionally, the company's focus on innovation, sustainable practices, and cost optimization strategies can further enhance its competitive position.

Investors should also keep an eye on potential risks that could impact Tata Steel's share price, such as volatile commodity prices, regulatory changes, and geopolitical tensions. It is crucial to conduct thorough research, analyze financial indicators, and monitor market trends to make informed investment decisions.

TECHNICAL ANALYSIS:

Tata steel weekly chat

We can see in the above weekly chat,Tata steel made a high of 153 on August 2021.Since then Tata steel falls continuously and made a low arround 88.If we draw a trendline you can see there is a falling trend line pattern in weekly chat.

After a long two year of consolidation Tata steel about to give falling trendline breakout,which is 115 in closing basis.

If tata steel able to hold 115 level then huge target open in chat.

Positional Target for tata steel will be 150 and 200.

Be ready for a big Bang...

I am not a sebi register financial advisor.So consult with your financial advisor before any investment.

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