Look at 210 as a downside target on SAIL: Edelweiss

Jitendra Mehta, technical analyst, Edelweiss, in a chat with ET Now talks about SAIL and TNPL

What’s the target on SAIL? What’s the update on TNPL?

On SAIL, we are recommending a short for some last few trading sessions. It has been a gradual decline after the bearish reversal around 260. The stock has seen an intermediate downtrend. So look at 210 as a downside target and a stop loss around 235-236 would be good to get.

On TNPL, the stock did move up sharply after 2-3 days of consolidation and it is now just testing Rs 100 barrier. There is more upside to it. One should just trail the stop loss and hold for 110-115 target.