Tata Steel Update
24 Aug 2020 ● 12:19 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.