Technical Analysis of Indian Equities by Nooresh

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.

Article by Nooresh Merani

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

    sir, which stock should one accumulate for three months.

    • nooresh April 7, 2012, 14:28

      Hi vritika,

      Keep reading the blog for more details.

      • Ravi April 9, 2012, 04:48

        Any stoploss for tata steel……….

        • 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.

  • avinash May 22, 2012, 06:31

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

    • Nooresh May 23, 2012, 23:28


      Keep stoplosses.

      For now may find base around 360-380.


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