Tata Steel is done with intermedaite correction in forma of ABC and wave 4 is place now.
Correction Over ??
Stock has completed the intermediate corrective leg in form of ABC and is poised to break the ascending triangle resistance. Target 100+
Higher Time frame charts are gearing up for a major target beyond 300 with intermediate target of 250 and 275 respectively
Target $55 and extended target $59
USD/JPU Done with the long leg of correction
Wave 3 of 3 Commencing
Wave Y to Unfold
Stock is done with the major correction and has bottomed out at 84/85 levels. Given the current scenario stock is poised for a take off for initial leg of up move till 134/135 levels. However the major target for the stock is placed at 192 mark.