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Tata Steel too scarcely moved last week; remaining confined within the narrow band between Rs 915 and Rs 950.

This move appears to be a pause before the next upward breakout towards the former peak at Rs 969.

Once the stock clears this peak, it can move towards the next target of Rs 1,042.

The near-term supports for the stock exist at Rs 900 and then Rs 865. Short-term investors can buy the stock with a stop at the first support. However, fresh long positions should be avoided if it moves below the second support where the 50-day moving average is positioned.

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