Over the past few trading sessions, metal names like Tata Steel, JSW Steel have been steadily declining.
The recent run-up was mainly on the back of rupee depreciation, Fed tapering and positive sentiments globally. Also, there were a series of upgrades for a few of these metal names.
So is the best over for Tata Steel?
Also Read
Read on to know what technical analyst, Devangshu Datta has to say on the stock along with his views on markets and what are the options that one can short in this downtrend.