Tata Steel may slip to Rs 381-373: Anil Manghnani

Tata Steel may slip to Rs 381-373, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "Tata Steel if you look at the last 7-8 days it is not continuing its rally like the rest of the market or rest of the stocks have done this week. So I think it is going to struggle now; Rs 403-413 is a selling area. Rs 415 is the recent top of the last couple of weeks, it’s your stop. It is probably headed back to Rs 381-373."
He further added, "Godrej Industries did breakout and it went to Rs 298 but it is coming back, so it is giving you a chance to re-enter. I still have a target closer to Rs 320-330 on that."