Sell Bhushan Steel with the price target of 316: Mitesh Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com in an interview with ET Now talks about Bhushan Steel Ltd.

What is the call on Bhushan Steel?

I have got a sell on Bhushan Steel which has fallen below short term moving averages, again continuing the downtrend.

As I said that ferrous stocks are looking weak today. So that is the another selling idea with the price target of 316 and a stop at about 342.