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Tata Steel Update

24 Aug 202012:19 PM

Tata Steel - the question - Is wave 3 over? The initial rally had so many subdivisions that I mared as i-ii-i-ii that it is not possible to complete wave 3 with certainty. What might only have completed then is a 5 wave advance form the 24/07 low which is wave III of 3. The decline could be wave IV and wave V of 3 is still on the cards. The 20dma near 405 maybe the support and if I project 161.8% of wave 1 for wave 3 it goes to 470.

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