Tata Steel is not gaining strength for a strong bounce back move. The 100-day moving average at ₹395 has resisted the upside strongly all through the week. As long as the stock trades below this resistance, a fall to ₹375 and ₹370 is possible in the near-term. A break below ₹370 is less probable at the moment. A reversal from there can take the stock higher to ₹400 and 440 once again. It will also keep the ₹370-₹440 range intact. The broader bullish view remains intact. A subsequent break above ₹440 can boost the momentum and trigger fresh leg of rally to ₹485 and ₹490. Short-term investors can wait for dips and accumulate long positions after the stock reverses from ₹375 or ₹370. Retain the stop-loss at ₹365 for the target of ₹465. Medium-term investors** can hold on to their longs position with a stop-loss at ₹340. Revise the stop-loss higher to ₹360 as soon as the stock moves up to ₹470. On the other hand, if the stock declines below ₹370, it can extend its down-move to ₹350. Further fall below ₹350 is unlikely as cluster of key supports are poised around this level.