Tata Steel Share Price Today on
On the technical front, the stock is trading above the 50,300 days SMA & lower than the 5,10,20,100 day SMA. The stock will have support at 50,300 days SMA & face resistance at 5,10,20,100 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 160.64 |
10 | 163.89 |
20 | 159.66 |
50 | 155.27 |
100 | 163.54 |
300 | 155.84 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹161.78, ₹165.22, & ₹167.05, whereas it has key support levels at ₹156.51, ₹154.68, & ₹151.24.
Till 4 PM today, the volume traded on NSE & BSE for Tata Steel was -63.97% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, Investors should be wary as the stock may have breached crucial support levels, potentially leading to further price erosion in the future..
From a fundamental analysis perspective, the company has a ROE of -4.55%
The median 1-year forecasted upside in this share is at 4.23% with a target price of ₹165.00.
The company has a 0.00% promoter holding, 10.88% MF holding, & 19.68% FII holding as per filings in the june quarter.
The MF holding has decreased from 11.20% in march to 10.88% in the june quarter.
The FII holding has increased from 19.61% in march to 19.68% in the june quarter.
Tata Steel share price down -1.49% today to trade at ₹158.3 while its peers are mixed. Its peers such as JSW Steel, Jindal Steel & Power, Jindal Stainless are falling today, but its peers Steel Authority Of India are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.66% & 0.73% each respectively.
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