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Bhushan Steel

Discussion in 'Technical Analysis' started by vishuhd1, Feb 1, 2013.

  1. vishuhd1

    vishuhd1 Member

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    Software Engineer in IBM, Bangalore
    Bhushan steel was also in a long downtrend and it has found a strong base around 430 levels.. The stock has given a U breakout pattern and the positions can be taken for a targets of 480 and 500.. Stop loss is 430..

    Please comment
     
    vishuhd1, Feb 1, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    The U is below 440 but bounced back very sharply below 440 as well and so can trade but with a very tight stop loss.
     
    shabbir, Feb 1, 2013
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