Tata Steel Share Price may move towards ₹ 420

Indian stock markets are maintaining the positive trend for quite some time on the back of liquidity gush by the foreign institutional investors (FIIs).We had predicted a targets of 8800 or more for Nifty in our previous post on Nifty.

Individual stocks are also following the trend and making newer highs.Tata Steel share price is also giving bullish signal on daily technical charts.The stock price broken out of a rising Wedge Pattern confirming the bullishness in the share prices.

Tata Steel

The Tata Steel shares may see higher targets of ₹ 420-430 in coming days.Short term traders may consider going long in the stock near cash prices of ₹ 390.Keep stop loss just below ₹ 380.Time duration for the trade is 5-7 trading sessions.

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