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Tata Consumer: Elliot waves Target (Monthly Chart)

Long
NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
TATA CONSUMER: MONTHLY CHART ( Elliot waves targets)

It's in 4th corrective wave (in progression), it may complete around 600-700 level ( either 24% or 38% retracement of wave 3)

Targets for the 5th impulse wave would be 950,1300,1750 level, 62% of wave 1-3 retracement, 162% of wave 4, wave 5 equals to wave 1 respectively.

Bearish on short term, Long term trend bullish .
Roughly 12-18 months for the long term target

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