AbhishekHSinghCMT

Tata Steel- Started at 380 & returned back to 380- Amazing!!!

Short
NSE:TATASTEEL   TATA STEEL LTD
4
From my previous updates, "Bounce from 380-382 zone- it was a complex correction in Tata steel which travelled ((w))-((x))-((y)) wave-2 & completed at 435 levels.
((w))- started wave from 380 lows where wave-1 got completed from top@441.50 top after completing a wedge pattern- which I have told in the community- its a wedge pattern which is unfolding here so whenever you get a chance to sell at the top- don't miss it.

Wave-2 - A simple rule wave-2 cannot retrace 100% of wave-1- Here was the magic one could have taken this opportunity of selling right at the top-close to 441-442 high zone- as strict stops as going above that level- pattern invalidates.

Is it Wave-3 which started from 435 highs- currently sitting at the same level where it started its journey- 380- Isn't that amazing!!!


Previous update- Bounce from 380-382- Click the charts & load the bar



Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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