TATA Bhushan Steel Long Idea

TATA BSL has broken a falling wedge pattern and as can be seen has bounced right of the support (still needs time to set a direction). There is high chance seeing the background of the company and it's current owner, that it goes bullish here and targets can be well over 200-300%.

This is just an idea for educational purpose only, trade at your own risk.

Note

If it breaks 20 Rs mark then it won't be a successful pattern, i suggest keep an eye on it.

Trade closed: stop reached

The market is in bear sentiment and thus killing this pattern. will be seeking another signal in a few weeks.

jkanodia8

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jkanodia8

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