Wave ((A))=Wave ((C)) at 567 - recent high 537
OR
Let's look at lower 2D-TF for another scenario as "motive-phase".
it looks like we're making side-wave structure here and I'm trying to analyze correction to see if we had potential further downside or maybe the correction was over. I've showed in chart zigzag W,X and Y which i interpreted as wave X at 443, B at 506 and followed by zigzag downward for wave Y that I'm considering going "Short Tatamotors".
Before taking action short side, we have to consider couple other things there is chance to move upward. if the price move 500 +, this WYZ zigzag is invalid.
Trade active:
Sell between 492.5-494 Future continuous contract of TATAMOTORS with your stop 497.5 for targets 481 for short term and 472-461
Comment:
SL hit
Comment:
Comment:
Tata motors is followed my cash level
Comment:
First target of TATAMOTORS in cash price has been achieved as 472 from 497