Target Achieved - TATA Steel 7 Oct 2016

Target Achieved - TATA STEEL  LTD. (TATASTEEL)

Our Target for TATASTEEL (CMP - 403.30) dated 14 Sept 2016 for 403--407 achieved on 07 Oct 2016.

Past 2 years weekly trend

Suggested at 373.90, reached 403.30 - 7.86 % upwards

In last one year the stock reversed its bearish trend. Made support at 230--220 levels and then started rising and has formed resistance at near 380 levels.

With the same trend to continue, it is expected to touch and form next resistance at 480--490 levels, if sustains above 400.

Past 6 months trend

HOLD FURTHER

Next Target 424--430


Will soon touch 480 levels with corrections in between.

Keep a watch on your investments since the market is uncertain and highly volatile. The stocks show corrections in Long phases. Patience is key for Long Term investments.

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