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#TataSteel after a 59.2% dream run, have broke out of the lower trendline of the parallel rising channel. RSI showing bearish divergence. If this early weakness converts to profit booking, then stock can give a decent retracement. 23.6% = 591, 38.2% 554.
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TataSteel made low of 586.75 on next trading session, before moving higher. Nearly 45 points gain on downside.
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