TATASTEEL

STOCK ANALYSIS AND FUTURE VIEW

TECHNICAL VIEW CURRENT MARKET PRICE 146 On 10th April, we have discussed

At that time, the stock was trading out of the lower band of the Bollinger band, which was indicating buying. Bollinger band consists of a 20 Moving average with proper upper and lower bands Bottoms and top made outside the band, followed by top and bottom band inside the band, suggest a reversal of the band and RSI was at 25, which also indicated buying Our view was bullish And after that, an uptrend was seen and from 23rd April, the stock price started consolidating And today it breaks the important resistance level of 143 and 2-week consolidation RSI 65 View is BULLISH