ELLOIT WAVE - TATAMOTORS WEEKLY
As seen on the chart I have drawn from the low of March .
I feel we are on wave 3 cause from 24th August till 2nd of November it was sideways indicating wave 2.
You could ask why not the previous sideways movement from 1st of June till 3rd of August as wave 2 , because it on retraced on 1 candle in the weekly time frame.
Further more volume is also decreasing. Therefore I feel we are on wave 3 for a target of 270.15 as 1.618
I would appreciate your feedback on my analysis of this
As seen on the chart I have drawn from the low of March .
I feel we are on wave 3 cause from 24th August till 2nd of November it was sideways indicating wave 2.
You could ask why not the previous sideways movement from 1st of June till 3rd of August as wave 2 , because it on retraced on 1 candle in the weekly time frame.
Further more volume is also decreasing. Therefore I feel we are on wave 3 for a target of 270.15 as 1.618
I would appreciate your feedback on my analysis of this
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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.