Tata Steel share price slumped nearly 3% on Friday, 11 September, amid weak stock market trends. The stock has remained under pressure across multiple timeframes, declining 3.25% over the past week, 1.80% over two weeks, 2.95% over one month, 7.65% over three months, and 6.16% over six months. Tata Steel emerged as one of the top laggards on the Sensex and Nifty 50. Tata Steel share price today ended 1.67% lower at ₹182.85 apiece on the BSE.
Sensex fell 120.83 points to end at 74,781.76, while the 50-share NSE Nifty dropped 79.70 points to 23,398.10.
Tata Steel’s near-term technical setup remains cautious, with analysts flagging continued consolidation, relative underperformance and key support levels that could determine the stock’s next move.
Ruchit Jain, Head – Equity Technical Research, Wealth Management, Motilal Oswal Financial Services, said Tata Steel has been in a consolidation phase for the past month and has underperformed the broader metals space. “The near-term trend remains sideways to negative,” Jain said, adding that immediate support is placed in the ₹180–175 range.
Echoing the cautious view, Hitesh Rathi, Technical Analyst – Equity & Derivatives at Angel One, said the stock’s overall technical setup remains precarious, with weakness visible across multiple timeframes on its Point & Figure charts.