TATA STEEL
Stock name : Tata steel
CMP = 107.55
Current conditions:
Stock currently is in down trend.
It has taken support around 86 and 94.
Upside major resistance or top level at 117
If tata steel maintains to sustain above 94 then it is a good indication for bulls
Now 94 is become important level for bulls
this is the level which decides the trend of the stock at least for short term.
Buying Strategy:
For short term view (like around 2 week).
Buy tata steel @107 with stop loss of 94, Target: 117, and 126 (most probably this level will not come) Buy price = 107 Stop loss = 94 Target = 117 , 126
Selling strategy:
Sell tata steel around 117 with the stop loss of 126 for the target of 107, 89
Buy price = 117
Stop loss = 126
Target = 107, 89
Support levels:
Support- 1 | 94 |
Support- 2 | 74 ( This is also a bottom level, and short-term target.) |
Resistance levels:
Resistance- 1 | 117 ( This is also a top level.) |
Resistance- 2 | 126 |
Conclusion:
For long-term investor -
No fresh buying suggestions at current levels
If u have already invested in this stock hold your position with the stop loss of 90
Major support level at 74 which is a good level for investors to accumulate.
For traders:
follow buying strategies as mentioned above
Note:
There would be a possibility that After reaching 117 (top) level stock have eventually come down to 74 (bottom)
Special Note:
This is just a study of chart please don't take it seriously we are not responsible for any profit and loss you have suffered.
Background:
Tata Steel is an Indian multinational steel-making company and a subsidiary of the Tata Group. It is headquartered in Mumbai, Maharashtra and is one of the largest steel manufacturers in the world. The company has a presence in over 50 countries and operates in various sectors including automotive, construction, and packaging.
Tata Steel, a global steel manufacturing powerhouse, stands as a flagship company of the Tata Group, one of India's oldest and largest conglomerates. Founded by Jamsetji Tata in 1907, Tata Steel has a rich history spanning over a century and has been instrumental in shaping India's industrial landscape.
Founding and Early Years:
Tata Steel's journey began with the vision of Jamsetji Tata, who aimed to establish an integrated steel plant in India. His dream materialized with the setting up of Tata Iron and Steel Company (TISCO) in Jamshedpur, Jharkhand, then known as Bihar.
The company's establishment marked a significant milestone as it was India's first integrated steel plant, incorporating both iron ore mining and steel production.
Expansion and Growth:
Landmarks and Achievements:
Global Presence and Diversification:
Corporate Citizenship and Social Initiatives:
Challenges and Adaptation:
