Wednesday, December 05, 2018

Tatasteel wave analysis

Tatasteel offlate a paradise for traders both side violent moves.
I think a good trade setup is emerging in Tatasteel according to wave principles.

Lets see the chart 

The above chart is self explanatory ,We are nearing the end of 5th of c probably.
Which coincides with good support of 500-490 range ,If this range is held expect a very 
good bunce in the stock ,More on this as the chart matures ,Most metals have same structure.