On 21st Oct 2013 when Tata Steel was trading around 336 we categorically said that it will face some resistance around these level of 335/341 before moving higher again and could correct a bit which could give a buying opportunity again.
http://moneymystery.blogspot.in/2013/10/tata-steel-delivered-return-of-around.html
What Happened@ It went on to hit intraday high of 343.9 on the higher side however couldn't give a close above 341.
It corrected and came down close to 308.7 on Oct 29th from where it again bounced back where on Nov 7th it gave a close above 341 at 347 & got strong.
Though we recommended a buy in advance close to 311/308 at facebook Money Mystery and at Linkedin just 13 days back.
Tata Steel now faces resistance at 364/374 and on higher side could hit upto 395/397 before it corrects again.
There are various reasons to be with Money Mystery.
http://moneymystery.blogspot.in/2013/10/tata-steel-delivered-return-of-around.html
What Happened@ It went on to hit intraday high of 343.9 on the higher side however couldn't give a close above 341.
It corrected and came down close to 308.7 on Oct 29th from where it again bounced back where on Nov 7th it gave a close above 341 at 347 & got strong.
Though we recommended a buy in advance close to 311/308 at facebook Money Mystery and at Linkedin just 13 days back.
Tata Steel now faces resistance at 364/374 and on higher side could hit upto 395/397 before it corrects again.
There are various reasons to be with Money Mystery.
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