TATA STEEL - Divergence

As weekly chart indicates, Tata Steel has a positive divergence with MACD.
On 30 May 08, Tisco made close of 902.80 & on 9th April 2010 Tisco made a lower close of 676.20,
where as in same period MACD has made a higher high.

Also MACD is about to give a positive signal ( marked by eclipse).
One can expect Tisco to move north from this level.
Stop loss of 498 should be maintained.


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Disclosure : I am holding the positions in above mentioned stock.