Merger has resulted in a relative changes in price based on the 1/15th part of Tata Steel. However, the price broke this ratio and gained momentum supported by volume. Currently it is again trading in the same ratio. Steel Sector has seen a huge gain, one important reason being increase in prices. This will result in improving the performance of the company
caesar124
⋅
How will the stock react to the news of the merger? shouldn't we expect a slow-down? Disclosure: I'm long on BSL. Heavily invested.
sohamdey76
⋅
I've taken it positionally at 91 for 106 levels. Can we see Tata Steel BSL achieving that?
Aishwarya_Jain
⋅
@sohamdey76 yes it can fairly reach that level. keep a hold. maintain SL, trail it to 95 levels when it reaches above 100
Steel Sector has seen a huge gain, one important reason being increase in prices. This will result in improving the performance of the company