Tata steel- Wave Counts- Will it Fall to 300 ?

1 oct. 2020

Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades.

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Wave Analysis
Flat Correction (W X Y) - from the highs of 442 can be completed with one more downside leg or fall close to 300 levels.

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Last Wave Idea on Tata steel - 29th July 2020

6 oct. 2020

Note

09:48 Hrs /6th Oct2020

Last Price - 380.50

385-387 was the resistance zone for the stock

16 oct. 2020

Note

21:10 Hrs / 16th Oct 2020

Last Price- 393.85

Got selling short term from 385-387 to 370's few times. Today it crossed above 385-387 but upside move still looks messy & choppy that means any hint of selling in 393-395 stock can slip to 385-387. Falling below 385 & next downside can be 370- once 370 is taken out that will be strong footing for even lower targets downside.