Accumulate Tata Steel, target Rs 505: Rupak De

Traders can accumulate the stock in the range of Rs 460-470 for the target of Rs 505 and a stop loss below Rs 445.

Moneycontrol Contributor

January 24, 2019 / 11:39 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Rupak DeBonanza Portfolio

Tata Steel has formed a Bullish Harami candlestick pattern on the daily time frame. On the Weekly chart, the stock has completed bullish Butterfly Harmonic pattern.

Moreover, the stock has taken support at 50 percent retracement level at Rs 448, from its previous rally of Rs 188 to Rs 720. Traders can accumulate the stock in the range of Rs 460-470 for the target of Rs 505 and a stop loss below Rs 445.

(The author is a Technical Research Analyst at Bonanza Portfolio Ltd.)

Disclaimer: The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Moneycontrol Contributor

first published: Jan 24, 2019 11:39 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347