Tata motors falling down still showing weakness and no sign of strength returning yet.
Trading near Fibo supports of earlier daily swings. 428 is a key fibo to watch failing with 392 is the next fibo support.
EW wave counts shows WIII in progress inside w3 and W III done first 2nd tgt. and retracement now should bring wIV for a quick swing trade for hit n...
Colpal Trading near Monthly TL support is expected to have completed WX/AB waves of correction as Elliot Wave.
Now 1033 high is key for longer term bulls. any close below the monthly TL support which is near a small demand zone too, should trigger Monthly TL-2 target and Weekly TL tgt.
SL above 1033 longer term
shorterm players should wait for a retracement r...
Completing W4/alternate count W4.W with internal structure ZZ. Apollo trye can have immediate trend up for a X wave r W5. immediate short term target can be 203 which is the TL resistance.
Long term targets if its W.V is 223/244/256/278/297
if W.4.X then 207/212/217
Target 1 203
Target 2 TSL
ROR 1 2
Lupin after falling from highs is expected to complete ZZ correction with
WC =0.618WA near
Now the possibilities of lupin are
1. create complex correction with W as ZZ
2. Create Double ZZ
3. Create change in cycle.
now one minor cycle 1-2/1-b is expected to be completed in lupin.
Target 1 1570
Target 2 1636
Reward min ...
Nifty after a strong impulse from 6824 didnt get a strong impulse move up. and started moving in different channels at different wave time.
the wave counts posted are just a possibility and should be traded with caution. its invalidated if the high is broken 8964.
if the high holds strong then trend change is here in nifty.
Mind Tree after making the all time high went into corrective phase and price is still trading inside the price channel. though there is no confirmation yet that the correction is over. some piece point to the end of correction.
1. wave 5 inside wave 5 of C has made 0.617 of w1 of c
2. wave 5 almost made 0.618 w1-w3 in wC
with this clues Trading strategy can be...