Tata Steel appears to have completed its recent correction near ₹185 and is showing early signs of a trend reversal.
Technical View
Strong support established at ₹185.
Price has reclaimed the daily pivot and is trading above ₹190.
Immediate resistance lies near ₹193.
A sustained move above ₹193 could open the path toward ₹198–205.
Fundamentals
FY26 earnings show a strong turnaround.
Net profit surged to ₹10,886 Cr from ₹3,174 Cr.
Operating margin improved from 12% to 15%.
Healthy institutional participation with DIIs at 26.85% and FIIs at 19.05%.
Dividend yield stands at 2.13%.
My View
The downside appears limited as long as ₹185 holds. Rather than waiting for a deeper pullback, the current setup offers a favorable risk-to-reward opportunity.
Trading Plan
Buy: Around current levels (₹190–191)
Stop Loss: ₹185
Targets: ₹198 → ₹205 → ₹212
The recovery has begun. The invalidation level is clearly defined at ₹185, making this a disciplined swing trade with attractive upside potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.