Tata Steel: Anticipated Happened

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 Tata Steel 60 mins chart anticipated on 13th April 2022


Tata Steel 60 mins chart happened on 23rd May 2022



In my previous update in Tata Steel, I had mentioned that, "Tata Steel is negatively poised and can plunge near till 1070 levels over short term."

The stock plunged below the crucial support of 1070 thereby achieving my mentioned level of 1070, gaining 19.36% - Anticipated Happened

To view my previous article on Tata Steel, click on the below link

https://www.marketanalysiswithmeghmody.com/2022/04/tata-steel-elliott-wave-analysis.html

Tata Steel has technically broken crucial supports and it is in stealth downdrend now, any rise can be utilized as a selling opportunity.

From waves perspective, either five waves are over or third wave is extended, I believe in the latter one which will open further downside in this metal stock.

The summation is Tata Steel will continue to dip an can reach 820-800 levels over very short term.

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