ParamjitMahapatro
Long

bhusan steel looks bullish in med to long term

NSE:BHUSANSTL   BHUSHAN STEEL LTD
In monthly, it seems a complete elliott wave cycle is complete, and stock has bottomed out.

in weekly, we can see that, round bottom is forming and fresh impulse already started here.


round bottom pattern tgt            

so with a sl - 54, 1st tgt             - 95, 2nd tgt             - 151, long term tgt             - 500.

Comment: looks like bhusan steel approaching for a double bottom.
Trade closed: stop reached
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