Thursday, June 20, 2013

TATA STEEL

TATA STEEL

TATA STEEL looks weak. Stock moving in a channel. Stock completed 4th Sub wave in channel and started 5th Subwave. Stock is seen support at 240 levels. One can short the stock at CMP for immediate targets of 262/252 and positional target at 240 levels from where stock may bounce really.

SL would be channel top shown in the chart at around 288.


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