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ParamjitMahapatro

bhusan steel looks bullish in med to long term

Long
ParamjitMahapatro Updated   
NSE:BHUSANSTL   None
Trend Analysis Chart Patterns Elliott Wave roundingbottom trendreversalpattern Bullish Patterns uptrend impulsive
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trendanalysis chartpattern elliottwaves roundingbottom trendreversalpattern bullish uptrend impulsive
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.

snapshot
round bottom pattern tgt
snapshot

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.
snapshot
Trade closed: stop reached
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