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Last Updated : Sep 01, 2017 03:21 PM IST | Source: CNBC-TV18

Buy Tata Sponge Iron, may test Rs 850: Prakash Gaba

Prakash Gaba of prakashgaba.com advises buying Tata Sponge Iron.

Prakash Gaba of prakashgaba.com told CNBC-TV18, "One can buy Tata Sponge Iron here, have a stoploss below Rs 750. Only thing is it looks like a base formation."

"The first technical target is Rs 850 and then beyond that Rs 900 zones. So looks okay to me. Just have a stoploss below Rs 750. You have got to buy it at some place and protect it with a stoploss, "he added.

At 15:14 hrs Tata Sponge Iron was quoting at Rs 822.90, up Rs 10.25, or 1.26 percent on the BSE.

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First Published on Sep 1, 2017 03:17 pm
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