Stay invested in Tata Steel, says Prakash Gaba

Prakash Gaba, Technical Analyst at prakashgaba.com told CNBC-TV18, "Tata Steel has gone into an expansion than a contraction and when I look at that contraction it tells me that there is a small support in the lower vicinity of zone of around Rs 300; an upmove has started."He further added, "I think structurally it still looks positive, up move should start again. Metal pack is doing well. One should continue holding it. Keep a stoploss below Rs 318 or 315 and continue holding. The target that I have in the near-term vicinity is around Rs 360. Looks like it is heading higher, hold it for a long-term."