Long
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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.