Expect Rs 100 upmove in Tata Metaliks: Ventura

MUMBAI: Bharat Gala, president, Ventura Securities expects upmove of Rs 100 in Tata Metaliks from current levels.

“Tata Metaliks has given a close above 3 months high. The stock is due for an overall upmove of Rs 100. Intermediate profit booking levels are Rs 170-210-250. Supports are at Rs (147-140) whereas Rs 134-125 are heavy buy areas.

Two consecutive closes below Rs 125 negates the above view. The trend indicator suggests presence of strong uptrend in making,” the report said.