TataSteel : Bounce or Start of New Up-Move
TataSteel after a huge run-up dropped 10% from the highs of 455.60 to the lows of 404.30. Today it went up and entered Monthly Values area at 405.10. Risky Traders can buy at CMP of 411, for Target of 424, 430.
Monthly Value Area : 426.40, 415.80, 405.10
Stop Loss for this setup comes just below 404 on hourly closing basis.