Good Evening! We have received a stock query from Mr. Hukumat Nathwani. He wants to know what are the prospects of Tata Steel? Here is my view on Tata Steel. Fundamentally and technically Tata Steel is looking weak. This is one of the stocks which I used to track very closely till a year back. I would like to highlight one important factor here, to my experience I have seen technical studies turn first followed by the fundamental factors; this is one of the reason why I focus more on technicals and not purely going by fundamentals. There is always a difference of opinion between technical analysts and fundamentalist on which one is supreme school of thought, however I believe to earn money from markets you should have through understanding of both the sciences. Let’s get back to Tata Steel. During the month of May, 2014 when this stock broke out on the positive side, I considered it to be the best buy. However the beauty of technicals is this, it can only initia...
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