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2 Jun 2008

Free Indian stock tip: Tata Steel week ending 05 Jun

1. Tata steel remained range bound in previous week and thus on the basis of technical indicators one can say that the stock is presently in positive trend. In case an upward breakout takes place than the stock can target the level of 950 and if this level is also broken than one can buy the stock for attaining the levels of 1038.


2. However only matter of concern is negative divergences in the daily oscillators which shows that stock can break on the lower side and breaks price of 839 than the stock can touch 790 levels. As a value investor one can buy the stock and hold till the time the stock does not break 789 levels on the lower side.


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