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Tata Steel: Long-term bullish

B. Krishnakumar

The long-term outlook is positive and a move to Rs 525-550 appears likely.

The positive outlook would be negated on a close below Rs 420.

The short-term outlook, too, is bullish and a move to Rs 468-475 appears likely.

Short-term traders may remain invested with a stop-loss at Rs 444. Fresh exposures may also be considered with the same stop-loss. Consider partial profit-booking on the evidence of resistance at Rs 468-475.

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