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MARKET OUTLOOKSTOCK OUTLOOKTATASTEEL

Tata Steel Outlook for the Week (August 14, 2023 – August 18, 2023)

Tata Steel closed the previous week on a negative note losing 3.71%.

Technically, Tata Steel share price will see immediate support at 117.67 and immediate resistance would be seen at 122.17.

If Tata Steel share price closes below immediate support of 117.67, then sharp breakdown can be seen. Tata Steel share price will see major support at 115.03 for the week.

On the positive side, immediate resistance will be seen at 122.17. Closing above 122.17, Tata Steel share price will see a sharp breakout. Major resistance for Tata Steel share price will be seen at 124.03 for the week.

Trading range for Tata Steel share price for this week should be between 113.17 on down side and 126.67 on up side.

Tata Steel Previous Week High: 121.4

Tata Steel Previous Week Low: 116.9

Tata Steel Previous Week Range: 4.5 Points

Tata Steel share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 126.67
Resistance 2 124.03
Resistance 1 122.17
Support 1 117.67
Support 2 115.03
Support 3 113.17

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