Stock Internals

Providing insight about the stock market …

The market has has corrected from the 5200 levels, but considering the charts it looks the market would rebound from the levels quickly.
RBI has decreased the CRR for banks by 50 basis points to 5.50%
On the technical front too the stock looks poised for a bounce. The stock in the short term has a target of 270.
Given the technicals Tata Steel is a strong contender for 10% upmove over the next week or so and hence a strong buy.
Immediately for short term, I think the stock is poised for 5-10% bounce and the stock a sure buy for long term.

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The market has has corrected from the 5200 levels, but considering the charts it looks the market would rebound from the levels quickly.

RBI has decreased the CRR for banks by 50 basis points to 5.50%

RBI will be announcing the credit policy tomorrow and as per the expectations the outcome should be positive for the markets.

On the technical front too the stock looks poised for a bounce. The stock in the short term has a target of 270.

Given the technicals Tata Steel is a strong contender for 10% upmove over the next week or so and hence a strong buy.