TATASTEEL

stock price analysis

stock closed at ₹163.01 on 5th July 2025, falling by ₹2.90 or 1.75%. The stock had shown a sharp uptrend in recent days, but on 4th July 2025, it faced some selling pressure. and a red candle was formed on daily basis chart on 3rd July The candlestick was formed outside the upper band of the Bollinger band, which means it was in an overbought zone. which indicaters that fall in price may be expected. A red candle was formed on the chart, showing profit booking by traders. The stock is trading above all key moving averages (5, 20, and 50 days), which shows the overall trend is still positive. However, a short-term pullback is possible. Important support levels are at ₹162.90 (5-day EMA), ₹156.80 (20-day EMA), and ₹154.60 (50-day EMA). Resistance is around ₹166. The stock price may move towards the level of ₹157 . If it takes support at this level, it may move up again. Avoid buying at the current level.