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19 Oct 2008

Share Market Basics India: Tata Steel

1. TISCO has to move above the levels of Rs 275-296 to show some bullishness in the stock.

2. On the negative side if the stock is not able to cross above listed resistances than stock can head to the target of Rs 160.

3. Short term trend in stock is negative and tus stock can decline to the level of Rs 220- 195.

4. Stock encounters resistance at Rs330-350.

5. Chart indicators suggest that the stock is oversold and a technical bounce may be in offing and one can accumulate this stock for long term if it falls below 200 level.

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