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Published on 11/06/2019 9:48:09 AM | Source: Religare Securities Ltd

Buy Tata Steel Ltd For The Target Rs.465 - Religare Sec

Posted in Broking Firm Views - Short Term Report| #Metals Sector #Tata Steel Ltd #Trading Report #Religare Securities Ltd

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Tata Steel Limited (TATASTEEL)

Mostly metal counters are reeling under pressure and TATASTEEL is no different. After the sharp decline, it witnessed marginal bounce but couldn’t surpass the major hurdle of multiple moving averages on the daily chart and drifted lower. Indications are in the favor of further decline in near future. We advise initiating fresh shorts in the given range.

Recommendation

Sell FUTS Tata Steel @492-496 Stoploss Target 465 CMP 489

 

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