#TATASTEEL - Bullish setup completing wave 4
#TATASTEEL has completed an A-B-C correction into the 200 DMA support and has rallied off the level.
The down move has also been within a contained channel and is about to break out.
A good entry point will be the break of the upper channel , targets in wave 5 will range from 1570 to 1870 levels
Look for a risk containment at the recent lows of 1248
In general, the steel/metals sector looks strong and Tatasteel could lead the way.
The down move has also been within a contained channel and is about to break out.
A good entry point will be the break of the upper channel , targets in wave 5 will range from 1570 to 1870 levels
Look for a risk containment at the recent lows of 1248
In general, the steel/metals sector looks strong and Tatasteel could lead the way.
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.