• Tata Steel gave a good buy when it broke the trend line in daily chart as showing in the first chart. Stochastic too gave a buy signal.
• Now the stock has given a good up move. my target was 553 the recent high as shown in the first chart.
• If the stock moves above 449-553 and closes above 553 fresh long positions can be taken for a new 52 week high.
• Stock continues to be positive closing above all major moving averages.
• But staying below the range of 449-553 will attract the bears as well.
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