TATA STEEL LONG TERM VIEW
TATASTEEL has given a good fall in prices after the breakout. The fall in price is currently halted & is seen consolidating. It has potential of a pullback towards the cradle as its in oversold zone. A throwback upto 410-430 range cannot be ruled out. Thus, traders can buy in the range of 335-347 for short term trading with a protective stop loss below 275. Overall long term outlook is still bearish & thus long term traders can sell again on a pullback for long term targets of 220-200.
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