i have drawn it for study but if you want to trade then you can also trade on this in future and options
wave 2 has a retracement of 78.6%. the 3 wave is not extensive but normal which has a retracement level of 161.8%. the retracement of wave 4 is 38.2% still the price spends more time on wave 4. if you want to grab the profit, you need to ride on the wave 5 which has a retracement level of 61.8%. there are high chances of wave 5 to be extended. target 525
if wave 4 cant cross 2173.15 and breaks 2139.65 .... then according to Elliot wave theory it can go for 216.8 % retracement and can touch 1870 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Sell @ 2010-2000 ---------- target ...
buying level and target are given in chart
According To The Elliott Wave Principle, All these 3 legs are part of an Expanded Flat ABC, where C is in the progress. . .
TATA STEEL is bullish as of now... c/iii NSE:TATASTEEL
EW analysis in weekly, shows it is in wave 3 now, wave 2 was a flat correction, with a shallow retracement. So wave 3 should be extended here. wave 3 projections shown here.