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TATA Steel

Discussion in 'Technical Analysis' started by monilhathi, Jul 4, 2012.

  1. monilhathi

    monilhathi New Member

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    Looks like a positive trend? Any thoughts Shabbir?
     
    monilhathi, Jul 4, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Perfectly formed W but was a good buy just above 430.
     
    shabbir, Jul 4, 2012
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  3. masihpatel

    masihpatel Active Member

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    All the steel stocks are up today on the news of karnataka recommended to start mining at A category mines. Stocks like jsw steel, sesa goa,kalayani steel, all are up today.
     
    masihpatel, Jul 4, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    It does not matter what was up today and 430 was levels few days ago and if you see the price of the stock already suggested something is coming and investing at 430 odd levels for breakout would mean you could make most of those news.
     
    shabbir, Jul 4, 2012
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  5. MANGONI

    MANGONI New Member

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    is there any chances of giving bonus share, i think i read a monthback
     
    MANGONI, Jul 6, 2012
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  6. naveen1241

    naveen1241 Responder

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    Important support/resistance levels for Tata Steel short term (2-3 Months) ?
    What stop loss would you advocate for Tata Steel bought at 440 levels for Short Term/Medium Term ?
     
    naveen1241, Jul 12, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Those levels should be identified by you but still I would suggest you few levels. 430 should be your stop loss and 475 can be your target.
     
    shabbir, Jul 12, 2012
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  8. naveen1241

    naveen1241 Responder

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    Is 419 another minor support, else what is the next support for the stock
     
    naveen1241, Jul 12, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    430 is support and you can keep it as 419 or 425 or anything near 430
     
    shabbir, Jul 12, 2012
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