TATASTEEL - Be caution

TATASTEEL - Be caution below 120.

If come to 105 Buy with Stop loss of 94. For Investment

Please comment if you wish to see my analysis for any stocks.

Please do your due diligence before trading or investment.

Thank you.

노트

Updated targets for study -

Above 132 targets to expect - 159 to 162 if sustain above this then 200

Maintain stoploss of of 120 or Long term investor 80

노트

News -
As per the merger plan, the four listed Tata Group metal companies —
Tata steel long product
Tinplate Company of India Limited
Tata Metaliks Limited and
TRF Limited

Will be merged in ratio of 67:10, 33:10, 79:10 and 17:10 respectively

TATASTLLP CMP 829 - Ratio - 67:10
TATAMETALI CMP 1062-Ratio - 79:10
TINPLATE CMP 430 - 33:10
TRF - CMP 248 - Ratio 17:10

If you buy (*before 6th Feb - which is record date*) or currently holding stocks in any of this Script you will get fully paid in Tata steel stock a per ratio mentioned.

For example -
Every 10 stock holding of TATASTLLP you will get 67 stock of Tata steel.
Every 10 stock holding of TATAMETALI you will get 79 stock of Tata steel. an so on.

Please do own research on merger plan and impact on your holdings

노트

Not sure how the merger is impacting the stock, Maintain Stoploss of 120 please.
Also consider booking some or full profit if comes around 144

* my views for your study and analysis kindly do your due diligence before trading or investment.

노트

Again Perfect level today high of 143.35.

노트

If sustains below 140 then it may fall to 85 however, above 140 we can stay invested new entry can be planning above 177 possible targets are 210 and then 240

PrashantTaralkar

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PrashantTaralkar