amolshirguppe

Elliott Wave analysis of TATA Motors NSE

Long
NSE:TATAMOTORS   TATA MOTORS LTD
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1
According to my analysis -
Currently we are in Fifth wave of 5th Wave of Tata Motors. 4th wave is retraces to 0.618% of 3rd Wave. If we projects the 5th wave from 3rd wave we will get 1.618% target @ 200 as well as there is resistance @ 200 from Jan 2020. Volume is also supporting to this.
So my target is for Tata Motors is 195 to 200.
Comment: Price hit target of 200 on 7th Jan 2021. Ten broke 201 daily resistance then boom closed @ 220.65( up 11.36% from yesterday close). 5th of 5th Wave completed on 7th Dec 2020 @ 184.15, Then ABC corrective wave ended on 23 Dec 2020 @ 164.95. Then new impulsive wave 1 stared ...