After Large Caps the next few days spotlight on Mid Caps / Small Caps.. Watchout for 10-15% move in many stocks..

 
Stock View: Tata Metaliks

This is a daily chart of Tata Metaliks and there are 3 reasons visible on charts which make it a Strong Buy:
1) Inverted Head and Shoulder pattern is clearly visible on charts.
2) Multiple tops on Falling Trendline/Neckline which if crossed on closing basis then it would be considered as a breakout
3) Hot Convergence of 4 Moving Averages
The only concern in this stock are vols to support above three arguments, the wait continues....
Buy Tata Metali only if it sustains / preferably closes above 155-156 with stoploss of 145 ( agressive traders ) or 140 ( conservative traders ) with targets 175/185/200 in short to medium term.

Have a nice trading day

Regards

Ankit