We are on the Weekly TF of Mahindra & Mahindra-- We have done the counting since the origin as per Elliott Wave rules. Wave(1)of 1 completed@ 417/- Wave(2)of 1 got completed in form of simple correction@312/- wave (3) of 1 got completed in the form of normal wave 3 & got completed@ 717/- Wave(4) of 1 got completed as a complex correction and got terminated @ 561/- approx. now after the completion of entire cycle @ 994/- entire structure got retraced in form of WAVE 2 (corona low) @212.
Marking for cycle wave -1 & 2 got done in shared chart.
I have also shared the projections for wave (3) in Red & projections for wave 5 in Blue (Fib calculations)
Now, Its time for wave 3 to unfold (enormous wealth creator):
Numbering is shared in another screen shot below :
As per the calculation wave 1(3) has been completed 949 & wave 1(3) got completed @677. Now we are in wave 3(3)...unfolding .....
I am not very good at Eliot Wave analysis - So I did not understand completely at first. Had to revisit a few videos on Eliott Wave to understand this. Thanks for sharing this.
I am not very good at Eliot Wave analysis - So I did not understand completely at first. Had to revisit a few videos on Eliott Wave to understand this. Thanks for sharing this.