Tata Sponge

Tata Sponge has bounced back and in the last week it has closed above 20 day moving average . Tata Sponge has started another phase of uptrend and it is likely to reach Rs. 820-850-880 in medium term . So buy Tata sponge at CMP and  if closes below Rs.700 on weekly basis then book loss ad exit the position .