#Start SIP in TATASPONGE : A MULTI-BAGGER IS IN MAKING

Tata Sponge Iron

BSE: 513010 | NSE: TATASPONGE |  | SECTOR: STEEL - SPONGE IRON
Group :B  Face value:10.00

#Fundamentally Co. is debt Free. & Only single in Steel - Sponge Iron Sector. 
#Paying dividend every year continuously.
#Book Value is Up 10% this year. 

Lets Talk Technically. thats sound goods.
1.Stock is Giving Breakout from Falling wedge. 
2.Trading Above 200 Moving Avg.
3.Weekly Close above 526 expect 888/1000 in medium term. 
4. Long-term Target 1616. 
  
Buy near 485-470  Sl of 440cb for Target 1616. 
(take some risk and this time wait for weekly close below 440  to book loss, the reason is only closing can define the reversal. ) 

Safe people wait for give close above 526 weekly basis then start doing SIP in this stock with same SL.
Note- This is my personal view. It may go wrong. you can ask with your financial advisor before making any investment decision on it. 

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Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.