New Delhi: Stock Market expert Sharad Mishra has advised investors to adopt buy on dips strategy on Tata Teleservices Maharashtra Ltd (Tata Tele) amidst the sharp rally seen in the stock in last few days. The expert has also shared the share price target and Stop Loss to be maintained on the counter for the short term.
Tata Tele share price target
Giving a Buy on dips strategy on the Tata group telecom stock, Mishra shared with Money9 the Tata Tele share price target of Rs 150 for December 2024. He also shared Tata Tele stop loss of Rs 78 to be kept. On Friday, July 19, 2024, the telecom stock closed nearly five per cent higher at Rs 102 apiece on the Bombay Stock Exchange (BSE).
Tata Tele share price support and resistance
The stock market expert gave his view on Tata Tele’s share price resistance levels. Mishra said to Money9, “Off-late, the stock has repeatedly tested its resistance level of Rs 110 after September 2023.
While, it had made its base around Rs 78 levels. The stock has repeatedly given signs that it might soon breach its resistance level because negative divergence can be seen in the index. There is bullishness in this stock but the index is currently on a downward trajectory.”
On Friday, BSE Sensex had dipped 0.91 per cent and closed below 80,650 levels.
As per Friday’s closing price of Rs 102, Tata Tele share price resistance level is almost eight per cent above than current price.
Tata Tele share price history
The telecom stock has rallied 34 per cent in the past five days
TTML share price is up 26 per cent in past 30 days
The scrip is up 15 per cent in the past six months
Tata Tele share price has shot up 22 per cent in the past one year
TTML is a Tata group telecom which provides cellular and fixed line services.
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Stock Market expert Sharad Mishra shared Tata Tele share price target and Stop Loss to be maintained in the short term. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
