View on Tata Steel Ltd Based on Elliott Waves...
Tata Steel is currently trading in wave 5. When we see internal counts it is forming wave (iii). As it is wave 5 the internal structure should be 5 waves. Expecting more upside. Targets I am looking for ....781/835 and finally 982. Once it is done we may see sharp correction.
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TATASTEEL trade ideas
TATASTEEL 1HRBEARISH DEEP CRAB ZONE On Type 1 Entry Earlier this same Pattern given good reaction & Hit TARGETS
now price is again in PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL & strong RESISTANCE FROM MONTHLY WEEKLY & Daily Timeframes LEVELS everytime price was rejected .VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
WITHIN 3-5 BARS WITH CONFIRMATION FROM BEARISH CANDLE & RSI MUST BE BELOW 70
SELL