Tata Sponge broke out above 400 and just took off vertically in week of Feb 21 2014. The move began with a large candle move in the week of Jan 24 and I did cover when that happened. Read the report here.
Now Here's the Chart of Tata Sponge and where it stands
The Chart again is a great example of how stock gives a big signal before making a large move and one should use that opportunity. All this requires great patience.
I cover such Breakout events here at smarketpremium.com
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column 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