#Tatametali
Fib levels
Stock peaked out at 1.618 extension of last swing at 1373.7. Now consolidating around 1.272 extension level.
Can potentially do 2055 after taking out 1388.
Will wait for breakout. Metals are looking prime for next run.

More from Mayank Narula
Cyclical stocks (metals, commodities, even auto) have the lowest PE multiples right around the top when cycle is about to turn.
That's when they suck in the retail.
That's when they suck in the retail.
50 % drawdown in sail done from high of 150 to 75 now.
— Sandeep M (@Sandeep_Majjigi) May 23, 2022
Without knowing how to play the cyclicals one would lose a lot of money there looking at pe ratio in single digit.