TATA STEEL LTDLong
TATA STEEL: Technical and Fundamental BUY
Fundamental: Steel going through down cycle/margin improvement expected in 1QFY25
Analyst pricing the stock between 170 - 180
Technical: Stock at 9-month support line / RSI closed at 29, lowest in comps
I believe it's a low-risk pick as the entire industry trending similarly and can expect a return of 16% - 20% with a price tgt @180 - 200
Analyst pricing the stock between 170 - 180
Technical: Stock at 9-month support line / RSI closed at 29, lowest in comps
I believe it's a low-risk pick as the entire industry trending similarly and can expect a return of 16% - 20% with a price tgt @180 - 200
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.