#TATASTEEL - Bullish setup completing wave 4
#TATASTEEL has completed an A-B-C correction into the 200 DMA support and has rallied off the level.
The down move has also been within a contained channel and is about to break out.
A good entry point will be the break of the upper channel , targets in wave 5 will range from 1570 to 1870 levels
Look for a risk containment at the recent lows of 1248
In general, the steel/metals sector looks strong and Tatasteel could lead the way.
The down move has also been within a contained channel and is about to break out.
A good entry point will be the break of the upper channel , targets in wave 5 will range from 1570 to 1870 levels
Look for a risk containment at the recent lows of 1248
In general, the steel/metals sector looks strong and Tatasteel could lead the way.
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView