Tata Steel: Laying foundation strong
TATASTEEL
After seeing a 3 failure of upward raising channels recently, a break above the previous channel high is considered bullish. Added to it the technical indicators RSI and MACD are showing bullish divergence. Now the (steel) stock has the potential to move towards 365 - 410 levels.
13/07/2016: CMP 356, Book 50% profits...
15/07/2016: CMP 372, Book 25% more profits...
18/07/2016: CMP 377, Book Complete. Call Closed.
After seeing a 3 failure of upward raising channels recently, a break above the previous channel high is considered bullish. Added to it the technical indicators RSI and MACD are showing bullish divergence. Now the (steel) stock has the potential to move towards 365 - 410 levels.
13/07/2016: CMP 356, Book 50% profits...
15/07/2016: CMP 372, Book 25% more profits...
18/07/2016: CMP 377, Book Complete. Call Closed.
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