Technical Analysis of Indian Equities by Nooresh

Tata Steel — Inverted Head and Shoulders/ Flag Breakout.

tatasteelblog

 

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.

Article by Nooresh Merani

Nooresh has written 2595 articles.

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{ 6 comments… add one }
  • vritika April 5, 2012, 17:45

    sir, which stock should one accumulate for three months.

    Reply
    • nooresh April 7, 2012, 14:28

      Hi vritika,

      Keep reading the blog for more details.

      Reply
      • Ravi April 9, 2012, 04:48

        Any stoploss for tata steel……….

        Reply
        • Nooresh April 10, 2012, 00:39

          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.

          Reply
  • avinash May 22, 2012, 06:31

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

    Reply
    • Nooresh May 23, 2012, 23:28

      Avinash,

      Keep stoplosses.

      For now may find base around 360-380.

      Reply

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