Tata Steel

Tata Steel delivered a sharp 3.6% gain to close at ₹165.88, approaching the upper resistance trendline of a rising wedge pattern. Price action continues to respect the upward sloping structure, but the stock is now near a crucial resistance zone. The bullish crossover and alignment of EMAs (50, 100, 200) below the current price indicate a positive trend, supported by strong momentum. A breakout above ₹167 with volume confirmation could open the gates toward ₹175+. However, failure to breach this level may invite short-term consolidation or mild profit booking. Traders should stay alert to price action near this resistance.