Tata Steel - Time to increase exposure.

Tata steel(CMP:501) would be a good buy at the moment.The Corus buyout has not provided any fresh impetus to the scrip.
The scrip has been trading within an ascending triangle. 27 th October saw trading activity picking up in this stock. From the chart front, though we may see an upside breakout at 540 and a downside breakout at 485, we can start making fresh investments from this levels. Being an Index heavyweight,Tata Steel is a relatively safe bread and butter stock to invest in. With the scrip now at the lower end of the envelope,one can start making fresh entries at this levels and increase exposure either on declines or on upside movements.