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15 Jul 2008

Can Tata Steel buck the trend?

1. The trend decider for the stock was its breaking of 774 levels and thus stock is targeting the levels of  642 and may also fall to 633 level and if this level is broken then the stock can fall to level of 600 or 550.


2. On the higher side stock will witness resistance at 726 level and till then the trend of the stock will remain down. Signs of recovery can be seen in stock if it starts trading above 696 level.

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