Right now the Stock Prices are trading at somewhere around 1170.
Price Action Analysis of Tata Steel on 1D Chart
The current move looks like a Short term correction in Tata Steel Share prices. So far the shares have fallen around 23%. If the Selling Momentum continues further in the stock, we can expect more downside in the upcoming weeks.
Talking about important Key levels, the potential support zone is at 1100 and 1000. The Crucial resistance zone is somewhere around 1250 and 1300.
In Order for the Stock prices to go further upside, we need to see a clear break and retest at the Resistance zone. Likewise, once we see a breakout at the support zone, prices could go even lower.
Traders should keep an eye on the Price Action on 1D Chart and take positions accordingly.