Technical Analysis - After breaking out at ₹150, the stock reached ₹300. - It consolidated in a range for 6 months before breaking out again in June 2024 to touch ₹450. - The price has now retraced to the ₹300 level, retesting previous support. - Fibonacci Retracement: Currently in the golden pocket zone. - RSI: Indicates a healthy momentum. - Moving...
STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA. The up move may continue with a slight doji-like candle. 134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive. You can buy at CMP or wait for it to test the highlighted zone, but as past data...
Detailed Analysis of Tata Steel Chart Sector: Steel Signal: BUY Logic below: TECHNICAL VIEW - The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level. Volume: 40.165M | Average Volume: 26.832M ...