Tata steel Weekly Elliott wave
Technical Analysis based on the Elliott wave helps the investors to check the technical drivers that can set the market. Elliott wave provides you with the knowledge of the market so that you can move ahead in the market with great strength and earn profit. And here we have done the technical analysis of TATA STEEL.
Technical analysis of TATA Steel based on Elliott wave for a short period is showing a positive trend. The bullish market is on the go. As per Elliott wave, you can see a strong uptrend in TATA STEEL.
Tata Steel comes under one of the finest stocks. Buying such stock will help you to build a strong portfolio. But what is more important is buying the stock at a perfect rate. The market rate is very important while buying any stock.
Here in the weekly chart of Tata Steel, we have predicted once the price reach 298 t will give you a hike after that. From December 2017 we can see a fall with a rise in the candlestick chart making too much support and resistance. After noticing too much of a bearish pattern here when it reached a price of 298 we have predicted that it is going to rise soon.
According to Elliot Wave- Weekly chart, once it reached 298 points we have predicted that it will reach 340 points and then to 480 points. Based on our technical analysis we have also come across that once it reached 480 points it will surely touch 800 points shortly.
Currently, the price of Tata Steel is 1400+ points. Maybe we didn’t predict about 1400 but if any investor had invested here at a low of 298 he would surely take more than 150% return from this stock.
Once you lose an opportunity, it will not strike again!