Tata Steel share price declined on Friday but the stock is still looking bullish on technical charts.

JSW Steel and Tata Steel shares have witnessed bullish breakout and traders can expect further strength in Tata Steel.

Tata Steel shares opened at Rs 156.80, reached a high of Rs 159.20, and a low of Rs 156.50, before closing 2.5 percent higher.

Tata Steel share price has bounced back from 52-week lows and the stock has given a bullish breakout recently on the technical charts.

Tata Steel shares opened at Rs 151.56 and touched an intraday high at Rs 154.24 but the stock drifted lower towards the end of the trading session. Tata Steel still managed to close above Rs 150.

Tata Steel share price continued with positive momentum on Monday and the stock touched intraday high at Rs 153.84 by the time of publication of this report.