It’s
almost a year or more I have been observing that Tata Steel is more sentimental towards gaps theory. This phenomenon may be
usual and may be seen in many stocks but we are seeing this "gap
theory" again and again in tata steel. Long ago I was speaking regarding
"Magical support" of sensex. But Tata steel have too much of such SAR
The
stock has started to correct and have a possible correction till around 417 and
move in the bullish channel.
Elliot Wave Analysis
This is my 1st EWT analysis. Currently we are seeing
Tata steel correcting. It has just started corrective wave A and may have a
support as mentioned above (around 417).
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