TATASTEEL
January 27, 2022 NSE:TATASTEEL by Dinesh Naidu (Elliotician)
Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of TATASTEEL Cash NSE.
TATASTEEL Pulling Back in Wave (c), Looking for more downside
Short Term Elliot wave view in (TISCO) suggests rally to 1245, ended wave c of (iv) on January 17, 2022 high. wave (c) pullback is currently in progress with subdivison as a 5 waves towards downside.
Next Key support is at 1020.85 to 983 odd levels.
Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the top steel producing companies in the world with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US$19.7 billion in the financial year ending 31 March 2020. It is the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tonnes after Steel Authority of India Ltd. (SAIL).
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