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tatasteel_elliott_wave

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Tata Steel, sell off very likely (Elliott Wave Analysis)
TATASTEEL, 60
Short
TATASTEEL: Tata Steel, sell off very likely (Elliott Wave Analysis)
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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...

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