Bhushan Steel Technical Analysis

Bhushan steel is good stock to buy. Currently it is trading below Rs30 and this stock fluctuates between 26 to 40 as per following analysis. Therefore this is really good time to buy. I would say following buying average positions

Buy 100 Lots – 26.80
Buy 100 Lots – 25
Buy 100 Lots – 24
Buy 100 Lots – 23

Sell after 27.

DRREDDY technical analysis


DRREDY seems to have stabilized on the support line and stock might have upward trend in coming weeks. Accumulating the stock would be good idea as company received USFDA approval for the launch of Doxorubicin Hydrochloride Liposome Injection in the U.S. Market. 


Adani Power showing right angle pattern

Adani Power lost share market more than 15% in last week due to a court judgement on compensation charges. There is a steep fall in company’s share price and it will definitely recover some points. As you can see, there is steep right angle pattern.