Tata Steel share price could touch 52-week low again and then take support from lower levels. The stock is looking bearish on technical charts and we can expect further selling on the counter.

Tata Steel has managed to take support near its 52-week lows.

Tata Steel share price declined to yearly lows during Friday's trading session and the stock is looking bearish on technical charts at the moment.

Tata Steel share price declined by 4.6 percent and the stock is currently trading near 52-week lows. As broader markets witnessed selling in today's trade, many stocks witnessed deep declines.

Tata Steel shares have managed to get support from lower levels and we could see uptrend in the coming sessions.

Tata Steel has largely disappointed long term investors with returns over the last 12 months. The stock was trading negative today with price opening at Rs 138.91 and touching a low of Rs 137.37.