Sunday, August 13, 2006

TATA STEEL (AUGUST 13, 2006)
SYMETRICAL TRIANGLE = 524.90


ON DAILY CHARTS OF TATA STEEL ITS TRADING WITHIN THE SYMETRICAL TRIANGLE. ITZ ON THE VERGE OF BREAK-OUT FROM THE TRIANGLE FORMATION. MY TARGETS IS 565 AND 615 AND SUPPORT FOR THE STOCK IS THE LOWER TREND LINE OF THE TRIANGLE. LOOKS GOOD ON THE CHARTS AND EVEN LOOKS FURTHER GOOD WHEN WE SEE THE BREAKOUT FROM THE TRIANGLES.