ParamjitMahapatro
Long

bhusan steel looks bullish in med to long term

NSE:BHUSANSTL   None
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.

Apr 01
Comment: looks like bhusan steel approaching for a double bottom.
May 18
Trade closed: stop reached

Comments

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