Tata Steel on a daily chart stock price at Rs. 379.15 has given a
breakout of the bullish
inverted head and shoulder pattern, indicate rally will continue for another
few days, which will take it towards Rs. 400 level.
The
psychological sentiment towards the stock remains positive. If one were to go
by the volume data, a higher upswing is seen on the stock price.
Trader
or investor can accumulate for the target of Rs. 400/420 level, with Rs. 373
stop loss on closing basis.
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