TataSteel- lethal-X Waves (Reaction for Surgical Strike)

٢٩ سبتمبر ٢٠١٦

Tata Steel -last time was picked right at the bottom, but one should not get excited as I am used to such excitements & money which follow.

I am taking this structure as a complex W-X-Y structure unless the market proves me wrong by going below 366 -swing low in that case our 2nd wave is done at recent high@383.85 & we will start most exciting wave downside for TataSteel.

Else

Tata Steel will move again move in the zone 382-385 with swing low 366 -intact.

Regards,
Abhishek H. Singh, CMT