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1 Feb 2009

Online Stock Trading Guide | Breaking News Tata Steel | 02 Feb - 06 Feb

1. TISCO charts are suggesting a bullish harami pattern in the weekly candlestick chart and thus the stock remains with a negative view in short term provided it starts trading above the level of Rs 205 when the trend changes. In case it moves above the level of Rs 205 than it can target the level of Rs 225 - Rs 260.

2. In medium term trend stock is moving in a sideways zone. If the stock falls below the level of Rs 199 than it can fall to the level of Rs 165 or Rs 146 again.

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