TATASTEEL has closed at 539.60, a
2.20 % UP bar. It has given a breakout yesterday itself. As per our strategy
and belief, all the breakouts are worth trading. So going
by that rule, one can
initiate a long position in this stock also. Modest targets like 565 and 590
kind of levels can be expected. A closing basis Stop Loss must be accompanied
with 513.
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