NSE:TATASTEEL TATA STEEL LTD
Formation of a minor was seen around 750-mark and after that the stock has seen an extended corrective move taking it well below the 200-DMA mark. Though the trend may not reverse, but the stock is set to see some technical pullback. An attempted to reverse the trend has been with some consolidation that was seen in the 560-575 zones. Daily remains in continuing buy mode while continues to remain neutral. A fresh buy signal has emerged over on the Weekly Charts with a against the price. The stock is seen improving its performance when compared against the Metal Index. Metal Index has shown sign of some up move. Some upward revision in prices cannot be ruled out.