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Like Amara Raja Batteries, Tata Steel looks weak: Prakash Gaba

Prakash Gaba of prakashgaba.com likes Amara Raja Batteries with target of Rs 915 while Tata Steel looks weak.

August 26, 2016 / 14:28 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "I like Amara Raja Batteries, it certainly is looking good to me and has given a break out. The target that I have is Rs 910 but I would extend it to Rs 915. The stop loss I had earlier was Rs 886, I would increase it to Rs 896. So far it is looking up and can see much higher levels.""Tata Steel looks weak to me. Possible target on the downside could be in the vicinity of Rs 362 zones, it may take a day or two. The stock is sluggish and has broken down important regions and maybe we could see Rs 362, keep stop loss above Rs 376," he said.

first published: Aug 26, 2016 02:28 pm

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