This blog is meant for ideas on Stocks, commodity & Forex trading. It emphasizes on importance of Technical Analysis using Swing & Candlestick Patterns. Also covers articles on Insurance, Loans & Mortage to complete the entire Financial Basket.
Monday, December 22, 2008
TATA STEEL RSI DIVERGENCE
TATA STEEL charts are showing positive divergence between RSI & Price on a daily chart.
Looks good for short term target 0f 245.
One can also consider buying Call Option of Dec. series.
Readers can draw their own conclusion about the risk & potential.
Please go through Disclaimer on this blog.
Disclosure: I may have position in above said stocks for myself/ family members / friends.
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