Reasons to Buy TATASTEEL (CMP 115) with Short-Term Targets at 118/120 and 123:
Strong Technical Indicators: TATASTEEL is currently trading above all major moving averages (MA's), indicating a positive trend. This signifies a bullish sentiment in the market and suggests a potential upward movement in the stock's price.
Positive MACD: The Moving Average...
Since Tatasteel has reversed at the resistance level of 109, we can go long once the stock goes below 107, with a target around 92 levels and a stop loss at 115.
Rist to reward ration of 1:3.