Tata Steel (Daily)

Technical Analysis Trend: Medium-term uptrend resumed. Structure: Breakout above ₹176 followed by strong follow-through. Price Behaviour: Strong impulse candle indicates fresh demand. Pullbacks: Shallow and bought quickly. Key Levels: Support: ₹176 → ₹170 → ₹166 Resistance: ₹187 → ₹195 zone Fundamental Analysis Business: Global steel producer with India + Europe operations. Cycle: Steel prices stabilising, domestic infra demand supportive. Earnings: Cyclical but improving margins on better pricing and volumes. Risk: Global slowdown and steel price volatility. Summary View Cyclical recovery aligned with technical breakout.