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-


Yogi said...

Nice Article Ruchir!!!

Ruchir Gupta said...

Thanks Yogesh Ji :)

ngocanhng said...

Alot of blogs I see these days don't really provide anything that I'm interested in, but I'm most definately interested in this one. Just thought that I would post and let you know. Nice! thank you so much! Thank you for sharing.