Chart Update: Tata Steel

Weekly Chart:

Daily Chart:

Weekly chart attached shows my preference Elliot wave count for Tata steel.. There is huge positive divergence in daily chart as marked on the chart & currently share is trading at 80% retrace zone of entire rise from 2008 lows. On break of 257 share can target 240-236 area, where share can be accumulated with small stop loss for investment purpose. From trading perspective break of 264-65 will add strength to the counter and positive divergence on the chart will come into play. 

So plan your trade accordingly. 

Happy Trading. 

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