Daily Analysis on

TATASTEEL

Technical View The

stock is currently trading at ₹155, showing a sharp red candle indicating strong selling pressure. Moving Averages (20, 50, 100, 200 DMA): Price has broken below short-term averages (20 & 50 DMA), which is a bearish signal. However, it is still above the 200 DMA, which acts as long-term support. Parabolic SAR: Indicates a downward trend as the dots are above the price. MACD: Trading in the negative zone with a bearish crossover, suggesting momentum is weak. RSI (14): Around 42, showing neutral to weak momentum (not yet oversold but trending down). Support Zones: ₹152 – ₹148. Resistance Levels: ₹160 – ₹165. Overall, the chart shows short-term weakness, but long-term support remains intact around ₹148–150. Why Stock is Falling? Global steel demand slowdown due to weak economic conditions in Europe and China. Falling steel prices in international markets impacting margins. Technical breakdown as stock slipped below key moving averages. Market-wide weakness in metal index pulling the stock down. Upcoming Events & Their Impact Union Budget / Govt Infrastructure Announcements → Positive for steel demand. Global Steel Price Trends (China demand outlook) → Major driver of stock price. Quarterly Results (Q2 FY26 due in Oct 2025) → Will show clarity on margin recovery. Tata Steel Europe restructuring updates → Can boost profitability if debt reduces.