Monday, May 25, 2015

Tata Steel Elliott Wave Update 24 May 2015

This update on Tata Steel is in continuation to the previous 2 updates. I have analysed the multiple time charts with Elliott waves principle and tried to explain what to expect in future.
Hourly Chart: If this was C wave, and correction was to end with this (read previous post) , this volume spike which is even bigger than any of the the impulse waves should not have happened. The Volumes at ending c wave corrections become low and not increase like it happened here. Refer to next 2 higher time frame charts with this post.

To read the complete report, click on the link below-
http://ruchirgupta.co.in/index.php/2015/05/24/tata-steel-elliott-wave-update-24-may-2015/