Tata Steel Ltd. has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate.
The stock has support at Rs 1100 and resistance at Rs 1480. A negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. As a long term trader, you can look to add more above 1480 level
The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The stock is overall assessed as technically slightly positive for the medium long term.
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