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27 Jul 2008

Make profit with Tata steel stock update

1. Tata Steel last week kept investors on their tentor hooks as it initially gave positive indiciations by going up close to Rs 679 and thereafter it fell to the levels of Rs 610.

2. One needs to keep Tata Steel support at Rs 582-Rs 574—Rs 556 under supervision. Presently charts and other indicators are indicating a decline in the stock in the medium term. If 557 level is breached then one can see the levels of Rs 499.


3. As a trader one should avoid trading in stock till the stock stays in range of Rs 576-Rs 681.

4. Resistance for Tata Steel Rs 716-Rs 740

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