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14 Dec 2008

Strategy for Indian Share: Tata Steel: 15 dec - 20 Dec 2008

1. Tata Steel is in bullish mode and thus one can see stock touching the levels of Rs 250 in short term. However on medium term stock is likely to remain range bound between Rs 150 and Rs 250 for coming days before giving a final breakout.


2. If the share is able to move past Rs 251 level consecutively for 3 days and remains above on closing basis than stock can target levels of 328 or Rs 360 over the medium-term.

3. As a strategy for medium term one can buy this stock with stop loss as Rs 139.

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