Long Tata Steel BSL Long

Description

⋅ Aug 22, 2021 1:37 PM

Tata Steel BSL
NSE:TATASTLBSL
Cmp - 93
Stop - Nil, Add more on relevant dips
Expectation -
T1 - 450
T2 - Open, Review at 450
Expected Holding Period - 2 years or earlier for T1
Technicals - ✅
Fundamentals - ✅
View:- Investment

Disclaimer:-

Ideas being shared only for educational purpose
 Please do your own research or consult your financial advisor before investing

Comments

jyotiholdings

⋅ Aug 22, 2021 3:17 PM

have you noticed the merger ratio? how can your target be possible with the merger anchoring?

ST_NGNF

⋅ Aug 23, 2021 3:45 AM

@jyotiholdings,

Hi,

m.economictimes.com/industry/indl-goods/svs/steel/tata-steel-advances-process-of-merger-with-tata-steel-bsl-n-chandrasekaran/articleshow/83995977.cms

IMO,

1. Realty and Infra are industries to watch for presently of course with Digital Indian and the EV
2. Metal Sector being cyclical presently facing headwinds due to segment rotation and likely to continue for a few weeks. However, should rebound as the steam still left.

jyotiholdings

⋅ Aug 26, 2021 2:46 PM

thanks boss