2025-05-08 11:15:02 am | Source: Religare Broking Ltd
Stock of the day : Tata Steel Ltd For Target Rs. 153 - Religare Broking Ltd
Tata Steel Ltd
Buy Tata Steel Ltd CMP 146 Range 144-146 SL 141 Target 153
* After experiencing significant correction from its recent swing high, the stock found support by forming a double bottom formation.
* It has formed a strong base near its medium to long term moving average creating a fresh pivot.
* The volumes have been robust during this rebound suggesting buying interest from lower levels.
* We expect this recovery to strengthen further and hence longs can be created in the mentioned range.
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