Tatasteel has started an fresh impulse post a complex WXY correction running on intermediate degree there by completing wave 4 on Primary degree.Evidence for this is trend-line breach along with price challenging wave X high.
This fresh impulsive move has taken a form of leading expanding diagonal which has marked the start of wave 5 on primary degree.Of this impulse it seems like we are beginning wave 5 which can take price to the level of 127 from CMP of 117.On the downside one can keep an exit 114 which gives us an Risk-Reward of 1:3.
Additional evidence for going long is price has crossed 200 sma and has managed to stay above it and is making higher high's and higher low's.
Disclaimer:Posting this for my future reference do not initiate position solely on the basis of this analysis.
This fresh impulsive move has taken a form of leading expanding diagonal which has marked the start of wave 5 on primary degree.Of this impulse it seems like we are beginning wave 5 which can take price to the level of 127 from CMP of 117.On the downside one can keep an exit 114 which gives us an Risk-Reward of 1:3.
Additional evidence for going long is price has crossed 200 sma and has managed to stay above it and is making higher high's and higher low's.
Disclaimer:Posting this for my future reference do not initiate position solely on the basis of this analysis.
Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.