TECHNICAL DESK CALL : 12 AUG 2015
Positional Strong Buy Tatasteel above 255 Stoploss 245 Target 270---275
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| tatasteel daily chart- Fibonacci analysis example |
Remarks: Tatasteel stock on daily chart looks interesting from the point of view of some consolidation is being done here in the range of 245 to 255. the stock had been in a deep correction from past 3 months from the high of 385 to low of 245 and now after its recent quarter result better than market expection we are of the view that this stock is poised to give some technical bounce back at least upto 285. so we advise traders and investors to look out for the stock with above given recommendation...
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