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Stock market Analysis 06.09.2024


STOCK MARKET ANALYSIS 06.09.2024

Technical Analysis of SBIN

State Bank of India (SBIN) exhibited relatively subdued trading activity, fluctuating within a tight range. The stock opened at ₹815.75, closely near its previous session's closing price, indicating a flat start for the day. Despite some upward momentum, it failed to break out significantly, achieving a day high of ₹819.40 before retracing.

Opening Price: ₹815.75
High Price: ₹819.40
Low Price: ₹814.40
Closing Price: ₹816.75

State Bank of India (SBIN) traded within a narrow range on September 5, 2024, suggesting consolidation and indecisiveness in the market. The stock is likely to remain in focus in the coming days, with traders closely watching for any breakout above resistance or breach of support levels to define its next move.

Technical Analysis of Tata Steel LTD.


Tata Steel Ltd displayed a modest upward trajectory, closing the day with minor gains. The stock opened at ₹151.84 and remained within a narrow price range, making a day low of ₹151.66 before inching upwards to hit a day high of ₹152.46. It closed near the day's high at ₹152.38, signaling some buying interest towards the end of the session.

Opening Price: ₹151.84
High Price: ₹152.46
Low Price: ₹151.66
Closing Price: ₹152.38

Tata Steel Ltd closed the day on a slightly positive note, with a close at ₹152.38, suggesting mild bullish momentum. The stock traded in a narrow range, and the upcoming sessions will be critical to determine whether it breaks out of the consolidation phase or faces resistance. Traders are likely watching for a breakout above ₹152.46 to confirm the next upward move, while support at ₹151.66 will be crucial to prevent a potential pullback.

Above Lists shows Narrow CPR for Tomorrow

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