TataSteel Looking Bearish Now @473 Expected 465-460-455-450 Range
There is a 3 drive pattern, hence there is a short term downside to 460 after which , decision can be taken based on the candlestick pattern
levels are clearly showimg the it could easily reach 460 by the end of november
TATASTEEL (Tata Steel Limited) BUY ABOVE 412
WAIT FOR THE PROPER ENTRY POINT.
TATASTEEL (Tata Steel Limited) SELL BELOW 398
Doublebottom uptrend now facing major resistance after breakout or breakdown good move either side
tatasteel is in correction period it can spike up as per ABC Pattern completing......or can make 12345 (traingle or diagonal pattern) ) then make upward moment to complete C wave (A Big cycle ABC Pattern)..
Double bottom on strong Support. And bullish bar on daily timeframe. can give upmove buy on given levels. above 487 sl 477 tgt 494-507
Another idea for Titan company
THE FORMATION COULD BE AN EXPANDING TRIANGLE IN THE B WAVE OR AN ENDING DIAGONAL IN THE C WAVE. BOTH GIVE A TARGET OF 355.
TATASTEEL SEEMS TO BE MAKING A TRIANGLE IN B WAVE OF A ZIGZAG CORRECTION. ABC LEGS OF THIS TRIANGLE ARE ALREADY COMPLETED AND CURRENTLY WAVE D IS IN PROGRESS. THE REAL TEST WILL BE WHEN THE PRICE REACHES 540. IF IT REVERSES FROM HERE, TRIANGLE IS A DEFINITE POSSIBILITY AND THEN TATASTEEL CAN BE SHORTED FROM AROUND 570 LEVELS WITH A STOPLOSS OF 590 AND A FIRST...