Tata Steel ---if breaks the channel...downside ...there is leakage ...so don't go long ....going longs will be advisable only above previous swing high@382.50....or if channels get broken downside then 360--362 can be the target zone...
Go long if it starts moving above 382.50....but be careful...it could go till 384.50 --make double & fall....think with lightening speed yourself...
One can take buy call at current levels with recent stop....which is always risky...you can get or it can fail....
Regards, Abhishek H.Singh,CMT