Tuesday, May 14, 2013

0004TataSteel14May2013 – Dipped to the support

From my last update on 10th May, the stock has definitely travelled south to test the support levels today. In fact, it went a bit further and trapped the bears at the support of 296. I think its a good time to buy Tata Steel at the current market price with a first target of 310 and then 320. Stoploss to be put at 292 for the start and then increased as the market pulls it upwards.

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