Bajaj Steel - Descending Wedge Pattern will go long.

Bajaj Steel Stock is about to breakout from Descending Wedge Pattern which is a Bullish pattern. So the stock may go long.

Please check the chart for details. Mentioned clearly about the support and resistance points.

I am learning as well. so please analyse the chart by yourselves before taking any decisions.

Criticism always welcomed

Commento:

Apologies, I failed to predict this stock in short side. Bajaj Steel is very good bullish stock, as per the BSE new norms most of the midcap and small caps are falling.

This stock still have a good support at 820. 620 at the worst case. Steel companies are expected to be bullish soon. If you bought already please hold. Otherwise wait for the reversal signal.