Monday, July 14, 2014

Tata Steel

Tata Steel is giving a good opportunity to enter at current levels (CMP 513).

1. Stock has 
- taken support at 50 DEMA
- reversed at trend line support.
- retested its earlier resistance and moved up.
- reversing at 23.8% Fibonacci retracement
- shown a probability of giving a target of 723 based on Elliott Wave Analysis.

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