Inizia
TradingSutra

TATA STEEL: Correction

Long
TATA STEEL LTD (NSE:TATASTEEL)  
TradingSutra  
NSE:TATASTEEL   TATA STEEL LTD
Trend Analysis Wave Analysis tatasteel tatasteel_long tatasteelanalysis Technical Analysis technicalanalysisexplained impuslewave correctivestructure elliottwaveretracement
25
15
trendanalysis waveanalysis tatasteel tatasteel_long tatasteelanalysis technicalanalysis technicalanalysisexplained impuslewave correctivestructure elliottwaveretracement
After a five wave rally stock is correcting in a three wave fashion. The five wave rally can be considered as a wave-1 of higher degree and the subsequent fall should be taken as wave-2. Hence,stock is likely to correct towards 100/97 area which is also a 50%-61.8% fibonacci retracement zone, which suits better retracement for wave-2.


Trading strategy: Sell 103 , SL: 106 tgt: 100/97
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
www.tradingsutra.com
www.waveutra.com

INSTAGRAM-
www.instagram.com/mansh_25

TWITTER-
twitter.com/mansh_25


YOUTUBE -

@TRADINGSUTRA @WAVESUTRA

Idee correlate

TradingSutra
Ease My Trip : Symmetrical Triangle
TradingSutra
ICICI BANK: Correction Ahead
TradingSutra
AXIS BANK: Three Black Crows
TradingSutra
MARUTI: Ascending Triangle
TradingSutra
JASH: Inverse H&S Continuation
TradingSutra
STOVEKRAFT: Bullish Opportunity
TradingSutra
IRCTC: Case of ENDING DIAGONAL
TradingSutra
L&T: A DIAGONAL
TradingSutra
SIEMENS: SYMMETRICAL TRIANGLE
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.