Target Hit : Tata Steel : Fresh Updates

Tata Steel  : Stock has completed all my targets given in last post from 448 to 424(exact target done) . Now we hope dead cat/technical bounce from current levels so we advise you to trade long with stoploss 417(On closing basis) for target 428-30 to 436-38 in short term. Keep following data's in mind when trade long... 

SMA-7: 437.96   SMA-13: 438.62   SMA-26: 427.28   SMA-50: 418.48   SMA-200: 427.72

However a break below 418 can trigger further fall towards 410-7.On Gap-up opening one can try to short with strict stoploss above given targets.To check our original call on Tata Steel visit link given below : http://stocksbuzzcalls.blogspot.in/2012/07/stocks-to-watch-suzloneducomptcssbisint.html