Tata Motors CMP 621
Elliott - This rally should end around the vicinity of the 4th wave of one lesser degree which the the iv wave here. Hence this corrective rally should end around the 775/827 marked within a box on the chart.
Fibs - the rally to 61.8% from a lower swing signifies weakness. Meaning the weakness is intact.
RSI - the oscillator is above the bull zone at this support and hence supports a rally.
Conclusion - all corrective patterns that ends with c waves , have five waves and are very strong. Hence to me this rally to 827 will be super fast. Use this rally to exit this counter as a bigger fall is on the horizon.
Elliott - This rally should end around the vicinity of the 4th wave of one lesser degree which the the iv wave here. Hence this corrective rally should end around the 775/827 marked within a box on the chart.
Fibs - the rally to 61.8% from a lower swing signifies weakness. Meaning the weakness is intact.
RSI - the oscillator is above the bull zone at this support and hence supports a rally.
Conclusion - all corrective patterns that ends with c waves , have five waves and are very strong. Hence to me this rally to 827 will be super fast. Use this rally to exit this counter as a bigger fall is on the horizon.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.