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Tata Steel Ltd Stock Review 2024: Financial Insights & TechnicalTATASTEEL Financial Insights: Tata Steel Ltd’s Current Market Position Understanding Tata Steel's financial metrics can help you evaluate the stock’s true value and growth potential. Let’s dive into some key figures: Market Capitalization: ₹2,00,560 Cr Tata Steel remains one of the largest companies in India by market cap, showing its dominance in the steel sector. Current Stock Price: ₹161 As of today, Tata Steel is trading at ₹161, positioning itself in the middle of its 52-week range. 52-Week High / Low: ₹185 / ₹114 The stock has experienced significant volatility over the past year, with a high of ₹185 and a low of ₹114. Price-to-Earnings (P/E) Ratio: 124 A high P/E ratio suggests that Tata Steel is trading at a premium based on its current earnings, which could either point to growth expectations or an overvalued stock. Book Value: ₹73.7 This figure represents Tata Steel's per-share value if it were liquidated today. Dividend Yield: 2.24% Tata Steel offers a solid dividend yield, making it attractive to investors looking for both growth and income. Return on Capital Employed (ROCE): 7.02% ROCE shows how efficiently the company is using its capital to generate profits, and Tata Steel's 7.02% is moderate. Return on Equity (ROE): 6.55% ROE reflects the company’s ability to generate profit from shareholder investments, which in this case is slightly below the industry average. Promoter Holding: 33.2% The promoters of Tata Steel hold a significant 33.2% stake, reflecting their confidence in the company’s long-term potential. Pledged Shares: 0.00% None of the promoter's shares are pledged, which is a sign of financial strength. Technical Analysis: Key Price Levels to Watch in Tata Steel Ltd For those employing technical analysis, Tata Steel presents several key price levels to monitor. While these are not buy/sell recommendations, they can help traders and analysts gauge the stock’s momentum. Price Expectation for Upside: If Tata Steel’s price breaks above the ₹163 range, it could signal a potential upward movement, driven by renewed market interest. Support Level: A crucial support level exists around ₹83, which has historically acted as a base for the stock. Swing Trading Targets: Traders could look at ₹212, ₹234, ₹291, and ₹363+ as potential target levels for swing trading based on market momentum and technical signals. Tata Steel Ltd: Is It a Good Investment for 2024? Tata Steel offers a mix of opportunities for both long-term investors and short-term traders. Its market cap and dividend yield make it attractive for those looking for stable investments, while its high P/E ratio suggests that future growth expectations are already priced in. From a technical perspective, the stock presents potential upward momentum beyond ₹163, making it interesting for swing traders. That said, it’s crucial to remain cautious, as the steel industry is sensitive to global economic cycles and commodity price fluctuations. Conduct thorough research and consult financial experts before making any investment decisions. Conclusion: Tata Steel Ltd – A Stock with Strong Potential but Risks to Consider Tata Steel Ltd continues to hold a prominent place in the Indian stock market, with solid financial fundamentals and promising technical levels for traders. For investors, the company’s consistent dividends and market dominance are strong positives. However, the high valuation and moderate returns might prompt some caution. Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
NSE:TATASTEEL
by Kaviarasu_Chandrasekar
Charting with Elliott Waves & Technical AnalysisUnderstanding how to do Technical Analysis of any chart based on Elliott Waves This analysis is for educational purposes only and should not be considered as trading advice. Multiple scenarios are possible in the real market, and there is a risk of being wrong. It is essential to consult with a financial advisor before making any trading or investment decisions. We are not responsible for any profits or losses incurred based on this analysis. Wave Rules: Wave 2 cannot retrace more than 100% of Wave 1. Wave 3 is never the shortest wave. Wave 4 should not overlap with Wave 1's price territory, except in diagonal triangles. Applying Elliott Wave Theory Elliott Wave Theory is a powerful tool for traders, but it requires practice and a deep understanding of market psychology. By analyzing wave patterns, degrees, and Fibonacci relationships, traders can gain insights into potential market trends and make informed trading decisions. It is important to combine Elliott Wave analysis with other technical indicators and risk management strategies to enhance the accuracy and reliability of market forecasts. Elliott Wave Theory provides a comprehensive framework for understanding market cycles and predicting price movements. By mastering its principles and applying them with discipline, traders can enhance their ability to navigate the financial markets and capitalize on emerging trends. Let's understand study of this chart Elliott Wave Analysis: The chart represents the Possible Elliott Wave counts for TATA STEEL, currently indicating the completion and projection of waves within an impulsive structure. Wave Count Overview: The chart demonstrates a five-wave impulsive structure labeled as: Wave (i), Wave (ii), Wave (iii), Wave (iv), Wave (v) The blue zone highlights a previous resistance area, which is now acting as a potential support zone. The current wave structure projects wave (v) of ((v)). Invalidation Level: The nearest invalidation level for this wave count is at 155.00. A drop below this level would invalidate the current wave count. Potential Targets: The projected target for wave (v) of ((v)) is around level of 184.60 & more. This target is derived from typical characteristics of the fifth wave in Elliott Wave Theory, often extending to new highs before the completion of the impulse wave. Elliott Wave Principles and Characteristics of Wave (v): Elliott Wave Theory posits that market prices move in repetitive cycles, consisting of five waves in the direction of the main trend (impulse waves) and three corrective waves. Wave (v) in an impulse sequence is typically the final wave of the trend and often displays characteristics such as: Completing the overall five-wave pattern. Extending beyond the previous high of wave (iii). Exhibiting momentum divergences (where price makes a new high but momentum indicators do not). Sometimes driven by fundamental news or events, leading to sharp price movements. Key Levels to Watch: Current Price: 160.31 Nearest Invalidation Level: 155.00 Potential Target for Wave (v) of ((v)): 184.60 Educational Note: Students of Elliott Wave Theory are encouraged to practice drawing their own wave counts and verifying whether all subdivisions align with higher-degree wave principles. This practice will enhance your study, making it more accurate and practical. Always remember, in real markets, multiple possibilities exist, and this analysis focuses on one potential scenario. There is a risk of being completely wrong. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:TATASTEELEducation
by RK_Chaarts
10
Bottom Fishing - TATASTEEL📊 Script: TATASTEEL 📊 Sector: Steel 📊 Industry: Steel - Large Key highlights: 💡⚡ 📈 Right now RSI is trading at 32 stock came out of oversold zone, one can go for Bottom Fishing. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 160 🟢 Target 🎯🏆 - 174 ⚠️ Stoploss ☠️🚫 - 151 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:TATASTEELLong
by radha_23
1
TATA STEEL: SYMMETRIC TRIANGLE- The chart is pretty self-explanatory - The price tests a 2 year old resistance trendline - The formation is one beautiful symmetric triangle that can have either outcome - The consolidation has been solid so far. This means The momentum may be really good. - The PE ratio is stagnant with the price - Do check out our take on JSW Steel in the suggested ideas below. What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀 Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:TATASTEEL
by TheChartereds
2
Double Moving Averages Crossover Swing Trade📊 Script: RAILTEL 📊 Sector: Telecomm-Service 📊 Industry: Telecommunications - Service Provider ⏱️ C.M.P 📑💰- 433 🟢 Target 🎯🏆 - 475 ⚠️ Stoploss ☠️🚫 - 415 📊 Script: TATASTEEL 📊 Sector: Steel 📊 Industry: Steel - Large ⏱️ C.M.P 📑💰- 174 🟢 Target 🎯🏆 - 183 ⚠️ Stoploss ☠️🚫 - 170 📊 Script: SUZLON 📊 Sector: Capital Goods - Electrical Equipment 📊 Industry: Electric Equipment ⏱️ C.M.P 📑💰- 44 🟢 Target 🎯🏆 - 48 ⚠️ Stoploss ☠️🚫 - 42 📊 Script: ADANIPORTS 📊 Sector: Marine Port & Services 📊 Industry: Miscellaneous ⏱️ C.M.P 📑💰- 1385 🟢 Target 🎯🏆 - 1454 ⚠️ Stoploss ☠️🚫 - 1361 📊 Script: MTARTECH 📊 Sector: Aerospace & Defense 📊 Industry: Engineering ⏱️ C.M.P 📑💰- 2110 🟢 Target 🎯🏆 - 2231 ⚠️ Stoploss ☠️🚫 - 2046 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:RAILTELLong
by radha_23
TATA STOCK - TATASTEEL📊 Script: TATASTEEL 📊 Sector: Steel 📊 Industry: Steel - Large Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving Crossover. 📈 Right now RSI is around 62. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 155 🟢 Target 🎯🏆 - 167 ⚠️ Stoploss ☠️🚫 - 150 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:TATASTEELLong
by radha_23
CNXMETAL - Just a View📈Keep an eye on Nifty Metals Index . 📈On 13th Feb Index has formed hammer candle which indicates trend reversal. 📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level. 📈Stocks to watch into Metal Sector are as follow: - 📊 Script: SAIL ⏱️ C.M.P 📑💰- 125 🟢 Target 🎯🏆 - 142-150 📊 Script: TATASTEEL ⏱️ C.M.P 📑💰- 141 🟢 Target 🎯🏆 - 147 📊 Script: JSL ⏱️ C.M.P 📑💰- 599 🟢 Target 🎯🏆 - 615
CLong
by radha_23
1
TATA Steel Ltd. looking bullishTATA Steel Ltd. looking bullish The monthly, weekly, and daily RSI is above 60. It is approaching its all-time high of 153. One can notice that the volume is increasing as it nears its all-time high. Also, while CUP pattern formation price action was making higher highs and lows. If it breaks the all-time high with volume and retests the neck levels, it would be a high-probability trade with risk a risk-reward ratio of a little over 3. Before entering the trade, analyze the metal index chart (CNXMETAL).
NSE:TATASTEELLong
by vikasbhekare