Indian Metals & Ferro Alloys a buy: Prasad Kushe, Technical Analyst
The steel sector is looking good
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| Prasad Kushe, Technical Analyst, Equitytrendz.com, in a chat with ET Now talks about steel stocks.
With respect to the metals pack, which are the outperformance that you come away with?
The steel sector is looking good. I like SAIL. It is quoting at 225. It has a small target of around 240 to 250. Another stock I like in metal sector is Indian Metals & Ferro Alloys. The stock is quoting around 785. You can buy this stock with a stop loss of around 755 and you have a first target of 820 and then 840.
With respect to the metals pack, which are the outperformance that you come away with?
The steel sector is looking good. I like SAIL. It is quoting at 225. It has a small target of around 240 to 250. Another stock I like in metal sector is Indian Metals & Ferro Alloys. The stock is quoting around 785. You can buy this stock with a stop loss of around 755 and you have a first target of 820 and then 840.
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