ShreeKrishna

As Per Elliott wave theory

NSE:TATAMOTORS   TATA MOTORS LTD
242 views
4
This is possible 3 wave pattern on Higher time frame
01 ) Yellow Color shows the Higher time frame 3 wave pattern where wave A was 1st response but failed to move up in impulse and it has 3 wave on smaller degree
02) It entered in corrective pattern of 3 sub waves as labeled in blue a b c labels completing B Wave making an low 129
03) after deep sharp drop in B wave it started pulling back in Wave C , making an 3 sub wave with in it which is labeled in pink color a b c
04) after Making (A) 1st leg of C wave it started correction in 3 sub wave pattern labeled in pink color a b c which in my view is sub wave of ((a))
Now its going for sub wave of ((b)) which i am expecting price will move fast but top out slightly near to (A) wave termination
then look for sub wave ((c)) which will likely to terminate near 162
after this complex sub micro waves we can expect the Wave C continuation in 3 wave pattern which will be fast in price movement
Viewers comment are welcome ,
I have recently studied the Elliott wave so do comment
thanks
ShreeKrishna
Trade active
Trade closed: target reached: Current target achieved

Comments

Good start
See a triangle before B (yellow)
Reply
ShreeKrishna Gopal_Dhamija
@Gopal_Dhamija, OK thanks
Reply
your c wave should be impulse 5 wave move :)
Reply
ShreeKrishna yogi_sharma_elliottician
@yogi_sharma_elliottician, Which c wave you are referring ? sub wave or Micro wave ??
Reply
@ShreeKrishna, largest degree, wave labelled in yellow
Reply
ShreeKrishna yogi_sharma_elliottician
@yogi_sharma_elliottician, it has 5 wave with in it ,
Reply
@ShreeKrishna, that's what I said
Reply
ShreeKrishna yogi_sharma_elliottician
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out