2025-05-22 11:35:04 am | Source: Religare Broking
Stock of the day : TATA STEEL Ltd For Target Rs. 173 - Religare Broking Ltd
TATA STEEL Ltd
Buy TATA STEEL Ltd CMP 161.64 Range 161-162 SL 156 Target 173
* Following a notable correction from its recent swing high, the stock has found support through a double bottom pattern.
* It has established a solid base near its medium to long-term moving averages, forming a new pivot point.
* Strong volumes during this rebound indicate increased buying interest at lower levels.
* We anticipate the recovery to gain momentum, making it a good opportunity to enter long positions within the specified range.
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