February 12: An entry in Tisco is likely to prove profitable. The chart shows that the price has not really gone down below Rs 120 seriously except once by around Rs 5. The fact that the price band has narrowed in the daily chart indicates that the Tata Steel scrip is ready to move up.Tata Steel will move up when the market makes a turn around. The market recovery may well happen in the following week. In a market where one is finding difficult to get a scrip which can give a good play, Tisco will become an automatic choice. This is because the downside risk is very limited. The scrip would suit ideally the short-long and medium-term investors. There is quite some room for upside for the short-term traders.
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