TATASTEEL may cone down further.
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it appears recent bounce from February low to high in April was corrective
in nature. and it ended in the area of 4 th wave of A wave and with an ending Diogonal
which seems to be c wave of wave B. B wave forming expanding triangle in the initial stage.
Tata steel may go down further and below A wave.
The above study will be invalidated once it crosses above April high which does not seems to be.
Let us see and watch.
This is not a trading recommendation but I have decided to go short in Tata steel.
Please go through my recent post of nifty and bank nifty.
in nature. and it ended in the area of 4 th wave of A wave and with an ending Diogonal
which seems to be c wave of wave B. B wave forming expanding triangle in the initial stage.
Tata steel may go down further and below A wave.
The above study will be invalidated once it crosses above April high which does not seems to be.
Let us see and watch.
This is not a trading recommendation but I have decided to go short in Tata steel.
Please go through my recent post of nifty and bank nifty.
Note
c or 2 is written it should be cNote
typo error may con down should be may come down.
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