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TATA STEEL LTD
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Tata Steel - Investment Pick

Oleh Trade-Wealth
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One can invest TATASTEEL for target of 700, 770, 850 & 900. SL 550. A breakout above 580 required for confirming for investment strategy.
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585 on closing basis
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Fundamental guys waiting for results, but chart suggest to invest in Tata Steel. Hopefully delivering better results can fuel further rally towards our targets.
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The results were out, TATA Steel posted 4 fold profit over Q1
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It may test 700 within August, future guys look for dip around 610 for entry. 620 itself looks attractive.
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Use dips for longs
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Within August 680 visible; let's hope for the best.

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So it has retested the GAP at 600 and bouncing sharply. May be right time to enter now?

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Such a high pressure
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15 Mins chart. Double bottom in making

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Another pattern found. Bull pole & flag ;-)

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Hope to see 640 levels by Monday.
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Flag & pole pattern was working out at last; it may witness 640
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Crossing is much important for Tata Steel. 645
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So far 20% up
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few bucks away from first target level of 700.
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T1 done
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Good going
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T2 770 done suggested at 560
Trend Analysis
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