Stock Picks :- Deepak Fertilisers & Petrochemicals Corporation Ltd And Tata Steel Limited By Religare Broking Ltd
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Deepak Fertilisers & Petrochemicals Corporation Ltd
Buy Deepak Fertilisers & Petrochemicals Corporation Ltd CMP 682.20 @680-684; Target 760; Stop Loss 645
TECHNICAL RATIONALE – Deepak Fertilisers has ended 8-month long consolidation phase with noticeable surge in volumes.
The base formation above the support zone of major averages combined with the recent buoyancy in agri.chemical space is
further adding to the positivity. We thus recommend creating fresh longs in the mentioned zone.
Tata Steel Limited
Buy Tata Steel Limited CMP 128.20 @127.50-128.50; Target 140; Stop Loss 122
TECHNICAL RATIONALE – In line with other metal majors, Tata Steel has formed a fresh buying pivot, after marginal
retracement from its recent high. We believe this dip is an opportunity for those who missed the chance earlier and expect
a steady rebound from hereon.
Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
