This is the Elliott wave analysis of Force Motors on DAily TF, below are the inferences -
1. Stock is in C wave, which is the end of correction after an impulse.
2. It can still continue correction further after creating the bottom. This correction might be time-wise or sideways correction.
3. But currently, the C wave is yet to be completed.
4. Projections or Targets of C wave are marked as Fib extensions.
5. After the correction (price + Time), stock can start next impulse but that will take substantial time from now.
1. Stock is in C wave, which is the end of correction after an impulse.
2. It can still continue correction further after creating the bottom. This correction might be time-wise or sideways correction.
3. But currently, the C wave is yet to be completed.
4. Projections or Targets of C wave are marked as Fib extensions.
5. After the correction (price + Time), stock can start next impulse but that will take substantial time from now.