Tata Steel share price declined on Friday but the stock is still looking bullish on technical charts. The steel major could see resistance in Rs 160 - 164 range but if it strongly crosses this level during the next week, we can expect a rally towards Rs 184. The stock has offered 14 percent returns to investors over one month. Tata Steel was recently trading near its 52-week lows and we have witnessed a strong bounce from those levels. Steel stocks have also witnessed rally as China reduced production and steel prices in the international markets are expected to remain firm. TopNews Team has reviewed technical levels for Tata Steel for short term investors.

In the latest quarter, the company surprised markets with a resilient profit, supported by solid domestic demand and efficient operations. While international markets remain volatile, Tata Steel’s core business performance and technical indicators suggest emerging bullish patterns, making it a stock to watch for both short-term traders and long-term investors.

Stock Performance and Financial Snapshot

The current market price of Tata Steel hovers around ₹157.28. The stock has shown steady growth momentum in recent weeks. Below is a quick financial snapshot:

Analyst sentiment has improved over the past quarter. The consensus average target price stands at ₹160.57, indicating moderate upside potential. The number of 'Buy' ratings has increased, reflecting confidence in domestic growth prospects and operational efficiencies.

Technical Analysis

Candlestick Patterns
Daily charts for Tata Steel reveal the emergence of bullish candlestick formations over the past five sessions. A notable pattern is the formation of a bullish engulfing candle near the ₹152–₹154 support zone, signaling increased buyer interest. Momentum indicators, including the RSI and MACD, suggest strengthening short-term uptrends.

Fibonacci Retracement Levels
Using the 52-week high of ₹184.60 and low of ₹122.62, the key Fibonacci levels are as follows:

The stock currently trades around the 50% retracement level. Sustaining above ₹153 could lead to a move toward ₹161–₹170 in the near term.

Support and Resistance
The nearest key levels are:

Support Levels: ₹146, ₹153

Resistance Levels: ₹161, ₹168, ₹170

Trading volumes have increased on up-days, indicating strong institutional participation and positive volume balance—a classic indicator of bullish momentum.

Actionable Insights on Tata Steel

Based on the current technical setup and improving analyst outlook, here are a few strategies investors can consider:

Short-Term Traders: Monitor price action around ₹153. A strong close above ₹161 could trigger a rally to ₹170 in the coming sessions. Momentum indicators support a continuation pattern.

Long-Term Investors: With a stable dividend yield of 2.29%, consistent domestic demand, and positive institutional sentiment, Tata Steel presents a steady accumulation opportunity on dips.

However, investors should remain alert to macroeconomic cues such as global steel prices, interest rate fluctuations, and geopolitical tensions that may influence commodity cycles.