Momentum Pick - Buy Tata Steel Ltd For Target Rs.755 - HDFC Securities
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Momentum Pick - Buy Tata Steel Ltd For Target Rs.755 -HDFC Securities
*After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce.
*Today’s upmove could be considered as an upside breakout of the narrow range movement/immediate resistance.
*The short term trend seems to have turned positive.
*We observe a formation of positive candlestick pattern as per intraday/daily/weekly timeframe chart.
*Volume has started to rise along with the upmove in the stock price
*The intraday/daily RSI is showing positive indication.
*The overall bullish chart pattern of the stock price indicate long trading opportunity. One may look to buy as per the levels mentioned above.
Buy Tata Steel Ltd @ Buy between CMP & 682 CMP 710 TGT 755 SL 675
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