Go long in Tata Steel, on verge of breakout: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tata Steel is coming in our list after a long time. From the last few days, I have been saying short metals but do not short Tata Steel; that is the first step. Tata Steel was sideways, it was outperforming and now it is giving clear signs, a very large four months base is visible and it is on the verge of breaking out. It is a very nice chart to be long in now."

"We would be willing buyers in Tata Steel, a base breakout is now visible and you don’t have to just make it a day trade but you could also carry positions here. It is surprising how metals which have been completely out of favour, at least one of the metal stocks is now coming back," he said.