Tata Steel Anticipated Happened

Tata Steel Anticipated on  6th September 2020


Tata Steel Happened on 10th September 2020

In my previous update on Tata Steel, I had mentioned that, "Tata Steel is likely to falter till 410 followed by 400 in coming weeks. The stock is negatively poised and will correct to test its immediate supports."

Prices made a low of 386 thus achieving my both the targets of 410 followed by 400 levels - Anticipated Happened.

Here is the link of my Tata Steel Article click on the link

https://www.marketanalysiswithmeghmody.com/2020/09/tata-steel-elliott-wave-analysis.html

From Waves perspective I had mentioned that, prices are likely to correct in form of wave iv after completing wave iii in an extension. This wave on the downside is expected to be steeper in nature and so the fall has to be faster in comparison with time.

Prices can down faster and marked a low of 386, this is how alteration (guidelines of impulse wave) works in impulse wave.

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Comments

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