Pravesh Gour, Senior Technical Analyst at Swastika Investmart is of the view that one can hold Tata Steel for a target price of Rs 142. Stop loss of Rs 123 should be fixed.Tata Steel witnessed a breakout of a triangle formation on the daily chart. It retested its previous breakout and started a new leg of rally towards Rs 135 level. The overall structure looks good for short-term trade as it is trading above its key moving averages. On the higher side, Rs 135 is the susceptible level; above this, Rs 142 is the near-term target for the counter. Place a stop-loss at Rs 123," said Gour.Read more:
