Tata Steel — Inverted Head and Shoulders/ Flag Breakout.



TATA STEEL --- A massive Inverted head and shoulders in the
making. Upside targets of 600 in medium term.
Close above 500 will set the move. Currently a flag breakout with
immediate tgt of 500.



Disclosure have a buy initiated at 470-478 band in last two sessions.


  1. vritika
    April 5, 2012

    sir, which stock should one accumulate for three months.

    1. nooresh
      April 7, 2012

      Hi vritika,

      Keep reading the blog for more details.

      1. Ravi
        April 9, 2012

        Any stoploss for tata steel……….

        1. Nooresh
          April 10, 2012

          A quick trading stop got hit at 460-465 today. A medium term trend change can be seen only on sustaining below 440-445 levels. Till then i would continue to maintain the bullish stance.

  2. avinash
    May 22, 2012

    Stuckup in Tata Steel at 473.Results are out.Now what would you suggest?pl reply.Thanks

    1. Nooresh
      May 23, 2012


      Keep stoplosses.

      For now may find base around 360-380.


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