Tata steel in upmove :Be cautious

Tata steel is going to trap some more buyers at this level. There is nothing positive for stock inspite of this bounce back and I think this is in the reaction against big houses like CLSA and JP morgan who are recommending to buy and exit their clients . Technically stock is weak and it will come down today itself in last trading session it was the only technical buying at support level of fibonacci retracement level.