it appears recent bounce from February low to high in April was corrective in nature. and it ended in the area of 4 th wave of A wave and with an ending Diogonal which seems to be c wave of wave B. B wave forming expanding triangle in the initial stage. Tata steel may go down further and below A wave. The above study will be invalidated once it crosses above April high which does not seems to be. Let us see and watch. This is not a trading recommendation but I have decided to go short in Tata steel. Please go through my recent post of nifty and bank nifty.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.