Tata Steel

Currently the stock has discounted 14% from all time high levels.

Tata Steel (Daily):
1. Taking support from 38.2 Fibonacci levels
2. Good volumes on Breakout
3. Retesting done
4. Positive crossover of 5,13 Exponential Moving AverageCCNXMETAL
5. Reversal from 20 Days EMA
6. CNXMETAL Index also forming Flag and Pole Kinda formation

View Point:
1. Bullish

Addl Points:
1. FII/FPI have decreased holdings from 0.55% to 0.53% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 4.84% to 4.89% in Dec 2021 qtr.CCNXMETAL

Notes:
1. The above analysis is just for educational purpose.
Chart PatternsTechnical IndicatorsLONGtatatatasteeltatasteel_longTrend Analysis

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