Yearly ELLIOT WAVE CHART of TATA MOTORS (NSE High Low)
Wave 5(ii) overstretched beyond
61.8% FIBO level of 392.8.
Now next
78.2% Fibo level is placed at 338.3.
Once, Wave 5(ii) will be completed,
fast impulsive wave 5(iii) will start with a target of 691.
Please do remember that this is yearly Chart and more useful for taking entry -exit for long term horizon.
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FOR MORE CLARITY
Monthly ELLIOT WAVE CHART of TATA MOTORS (NSE High Low) Wave 4 & 5(i) completed on Yearly Chart & Wave 5(ii) under progress....
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For Further clarity,
Weekly ELLIOT WAVE CHART of TATA MOTORS (NSE High Low) Wave 5 on Yearly Chart as in progress....
ALL THE BEST.
Disclaimer :-
1.
Writer is independent trader in stock markets and may have positions in TATAMOTORS EQUITY and Derivative instruments including NIFTY & OTHER STOCKS
2
Blog is to share trader's perception & views.
3
Charts are drawn on google data using google sheet and all efforts are done to maintain calculation accuracy.
4
Before taking action consultation with qualified financial consultant is neccessary.
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