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Tatasteel_elliott_wave

Tata Steel, sell off very likely (Elliott Wave Analysis) Currently we have 2 Hypos for Tata Steel. Hypo 1 in Red suggests that the Triangle completed at the 586 level (marked by red box) and we have seen a series of nested 1-2-1-2's to the downside from there on. Hypo 2 in Yellow suggests that the W.(E) of the Triangle formed a Triangle in itself which completed near 567 level (marked by Yellow box). In conclusion both Hypos are pointing to the downside with suggested downside targets coming in 524 to 515 zone. SL above 568 level .
NSE:TATASTEELShort
by NeeravYadav
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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