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Tata Steel – Opportunity for Investors to look in

Tata steel as on 3 May’13 – 311.20

Tata steel as on 3 May’13 – 311.20

Tata Steel was consistently falling from the beginning of 2013, till last few days. As depicted in attached chart, prices were falling in a channel and recently it broke out from this channel line, and attempting to move higher. Current pullback is supported by momentum also.

According to my understanding, price correction in Tata Steel can be over; it is very much possible that it may extend in time.

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