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2026-01-23 11:06:42 am | Source: Religare Broking Ltd
Stock of the day : Tata Steel Ltd by Target Rs. 201 - Religare Broking Ltd
Stock of the day : Tata Steel Ltd by Target Rs. 201 - Religare Broking Ltd

Tata Steel Ltd

Buy Tata Steel Ltd CMP 189.10 Range 188-190 SL 183 Target 201

* Tata Steel’s price structure indicates a strengthening bullish bias, showing constant higher highs and higher low formation.

* The stock is trading firmly above its short and medium-term moving averages, reflecting sustained positive momentum and improving trend strength.

* Overall, the technical pattern supports further upside potential, with any dips likely to witness fresh buying interest.

* From a technical perspective, market participants may consider initiating long positions.

 

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