4 Feb 2021 ● 07:23 AM
All metal stocks show the same wave count, that the next move up is going to be wave 3 of 3. The only difference in the case of Tata steel is that wave 1 of 3 was larger than wave 1 itself. In most other metal stocks charts this is not the case. So while it might appear unusual I will stick to the sector wave count that shows up in almost each and every stock. Keeping that in mind of the recent low was wave 2 of 3 at 596 then from that low 3 = 1 would come in at 1270.