Tata Chemical E waves + Price action breakdown !!The location of trading activity. At the end of the chart, on the Upper right, we can see that the trading activity moves in the bottom, part of the value area, between the control and the value Low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value low. In an Uptrend, when price rotations become small and they happen in the Lower part of the value area, the trend is most likely to end. The narrower the rotations, the bigger the break of value will be. Why is this? Because the market is becoming too efficient in facilitating trading between buyers and sellers.
Sell Below : 290 Target 284-276-260-240 Possible even
Thanks
