06 March 2014

TATASTEEL - Medium Term View

14th Mar







13th Mar
Looks heading down in accordance with METAL Index.
EXIT.




TATASTEEL appears to have completed the correction of sub Wave 2 of Wave 5 and has now initiated Wave 3 with target around 433+ and overall Wave 5 target of 460+
Initiation of Wave 3 is supported by HUGE delivery Volumes (>85L in 2 days) around the recent bottom.
Investment horizon : Medium Term
Target : 433 and 460+
Stop below 330
Buy any dips.



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