Tata Steel tech chart now similar to 2007; big crash coming or time to buy?

In 2007, Tata Steel skyrocketed from Rs 100 to Rs 700 in less than four years; Similarly, since 2020 the stock price grew seven-fold to a high of Rs 1,534.50.

The Tata group steel major is likely to be in focus in the near-term for more than one reason. Tata Steel, on Tuesday, announced a share spilt in the ratio of 10:1, while the company also reported a near 47 per cent rise in net profit for the March 2022 quarter. READ MORE

The stock has jumped seven-fold to reach its historic peak of Rs 1,534.50 from the lows Rs 240 touched in 2020. Such a similar sharp move was seen way back in 2007, wherein the stock skyrocketed from levels of Rs 100 to Rs 700 in