Buy Bhushan Steel for target of Rs 1545: Reliance Money
Reliance Money has advised trader to buy Bhushan Steel for target of Rs 1545.
By ET Bureau |
MUMBAI: Reliance Money has advised trader to buy Bhushan Steel for target of Rs 1545.
“Bhushan Steel has given a breakout from its downward sloping trendline combined with a breakout from CVI plotted on the chart below. Currently, the stock price is reverting after finding support from its CVI, thus indicating high possibility of a change in trend.
Traders can buy the stock above Rs 1450 with a stoploss of Rs 1410 on a closing basis and a target of Rs 1545,” the report said.
“Bhushan Steel has given a breakout from its downward sloping trendline combined with a breakout from CVI plotted on the chart below. Currently, the stock price is reverting after finding support from its CVI, thus indicating high possibility of a change in trend.
Traders can buy the stock above Rs 1450 with a stoploss of Rs 1410 on a closing basis and a target of Rs 1545,” the report said.
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