Below is the technical chart of Tata Steel, listed on Indian stock exchange, using ichimoku indicator.





Tata steel stock price has already closed above kumo and to confirm its bullish breakout, chikou-span (cs) line has closed above kumo. One can safely buy Tata Steel at this moment with a stop-loss of 412 for a target of 531 and 559.

Buy Tata Steel | Technical Chart | 02-Feb-2012
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