TVS completed 5 Wave rise from March 2022 till Sep 2024, which fromed a major Wave 3.
I would have ideally wanted Wave 4 to correct at least 38.2%, which did not happen.
Now that stock is almost at ATH, it offers a good opportunity to explore a short with previous high as SL.
The entire zig zag move from Jan lows can just be an X and we get a Y down till at least 38.2% which is at 2025, a good 17% correction from today's price.
All the best!
I would have ideally wanted Wave 4 to correct at least 38.2%, which did not happen.
Now that stock is almost at ATH, it offers a good opportunity to explore a short with previous high as SL.
The entire zig zag move from Jan lows can just be an X and we get a Y down till at least 38.2% which is at 2025, a good 17% correction from today's price.
All the best!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.