TATASTEEL

SAIL

Tata Steel – Technical View Current Price Action: The stock recently faced selling pressure after failing to hold above short-term EMAs (14 & 55-day). The latest candle shows a strong red bar indicating bearish momentum. Indicators: Parabolic SAR is above the price – bearish signal. MACD is negative and below the signal line – bearish momentum persists. RSI near 41 – weak momentum but not yet oversold. Support Zones: ₹152–150 Resistance Zones: ₹160–162 Short-Term View: Weakness likely to continue; may test ₹152–150 zone before any bounce. Long-Term View: As long as it holds ₹150 on closing basis, long-term uptrend is intact. Sustained break above ₹165 could trigger fresh rally towards ₹172–175. SAIL – Technical View Current Price Action: Price has been in a downtrend, with repeated failures to close above 55-day EMA. Fresh selling has emerged from the ₹125 level. Indicators: Parabolic SAR above price – bearish trend. MACD in deep negative territory – strong bearish bias. RSI near 37 – approaching oversold zone. Support Zones: ₹118–116 Resistance Zones: ₹125–127 Short-Term View: Likely to retest ₹118–116 zone; a bounce possible if support holds. Long-Term View: Long-term buyers may wait for reversal confirmation above ₹130 to re-enter; otherwise risk of sideways to bearish movement. Summary Short-Term (1–2 weeks): Both stocks showing bearish pressure; possible retest of lower supports. Medium to Long-Term (2–6 months): If macro sentiment on steel improves (e.g., demand recovery, China stimulus, infra push in India), both could see a reversal. Until then, cautious approach with strict stop-loss is advised.