TATA STEEL LTD
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TATASTEEL: Starting a Bearish Trend

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TECHNICAL ANALYSIS OF TATASTEEL

The LAST CLOSE PRICE of NSE:TATASTEEL is 1113.4. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 1162. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1097.45 with RESISTANCE 1 and RESISTANCE 2 at 1172.3 and 1205.3 respectively. The Key 50% FIBONACCI LEVEL stands at 1148.55 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.

The STOC RSI has the values K and D as 35.5 and 22.96 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 11.42 and 5 at 15.12 along with HISTOGRAM showing values of -3.66, the STATUS is clearly BUYING CROSSOVER.

The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.41 and -0.69 with DOWNTREND as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1659 the STATUS is OVER BOUGHT.

No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 18.71 which signifies its Price Level to be AVERAGE.


>>> RECOMMENDATION is : BUY."





Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
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Bullish PatternsbuyOscillatorstatasteelTrend Analysis

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