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Sunday 25 August 2013

Tata Steel - Positive for Short Term

Tata Steel has entered into positive territory and positional traders can enter the stock now.

Tata Steel made a 52 week low at around 195 and ever since was moving up.

Daily Charts

1.. 20 day Moving Average crossed above 50 Day Moving Average.
2. Stochastics and MACD has given buy signals.
3. Stock is consistently closing above 20 DMA and 50 DMA over past few days.

Weekly Charts
1. Stock closed above 20 Week Moving Average.
2 Stochastics and MACD has given buy signals.

Buy with a short term target of 293-300-320.



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