Tata Steel share price Today Live Updates : Tata Steel stock price drops as trading turns negative

The volume of Tata Steel traded by 11 AM is 24.13% lower than yesterday, with the price at ₹164.9, a decrease of 0.69%. Volume traded is a key indicator, along with price, for analyzing trends. A positive price trend with increased volume indicates a sustainable upward movement, while a negative price trend with higher volume may signal further price declines.

The stock price has been moving between 166.37 and 164.32 levels in the last hour. Traders may want to consider rangebound trading strategies, such as buying near the hourly support at 164.32 and selling near the hourly resistance at 166.37.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Tata Steel share price is at ₹164.4 and is still trading between the key support and resistance levels of ₹163.97 and ₹167.57 on a daily timeframe. If it crosses the support of ₹163.97 then we can expect a further bearish movement. On the other hand if the price crosses 167.57 then it will lead to a bullish movement.

Today, Tata Steel’s stock price dropped by 1.05% to reach ₹164.3, in line with the downward trend seen in other steel companies like JSW Steel, Jindal Steel & Power, Steel Authority Of India, and Jindal Stainless. The benchmark indices Nifty and Sensex are also down by 0.71% and 0.69% respectively.

The analyst recommendation trend is shown below with the current rating as Hold.

Until 10 AM, the volume of Tata Steel traded was 18.49% lower than the previous day, while the price was at ₹164.3, a decrease of 1.05%. Volume traded, in conjunction with price, is a crucial factor in analyzing trends. A positive price trend accompanied by increased volume indicates a sustainable upward movement, whereas a negative price trend with higher volume could signal a potential further decrease in prices.

Tata Steel touched a high of 166.75 & a low of 164.7 in the previous trading hour.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Today, Tata Steel’s stock price dropped by 0.21% to reach ₹165.7, while its peer companies are experiencing mixed results. JSW Steel, Jindal Steel & Power, and Steel Authority Of India are all declining today, whereas Jindal Stainless is seeing an increase. In general, the benchmark indices Nifty and Sensex have both fallen by 0.24% and 0.38%, respectively.

A rise in futures price and open interest in Tata Steel indicates potential for a positive price movement ahead, suggesting traders may consider maintaining their long positions.

Tata Steel share price is at ₹166.15 and is still trading between the key support and resistance levels of ₹163.97 and ₹167.57 on a daily timeframe. If it crosses the support of ₹163.97 then we can expect a further bearish movement. On the other hand if the price crosses 167.57 then it will lead to a bullish movement.

The Tata Steel share price has dropped by 0.21% and is currently trading at ₹165.70. Over the last year, Tata Steel shares have increased by 51.57% to ₹165.70. In contrast, the Nifty index has risen by 22.11% to 22224.80 during the same one-year period.

The key support and resistance levels for Tata Steel on the daily timeframe are given below. Please note these support and resistance levels are derived from the classic pivot table.

The analyst recommendation trend is shown below with the current rating as Hold.

The trading volume yesterday was 44.09% lower than the 20 day average. Yesterday’s NSE volume was 30 mn & BSE volume was 1535 k.

The stock traded in the range of ₹167.1 & ₹163.4 yesterday to end at ₹164.2. The stock is currently experiencing a strong bullish trend