Elliott Wave analysis of TATA Motors NSE
According to my analysis -
Currently we are in Fifth wave of 5th Wave of Tata Motors. 4th wave is retraces to 0.618% of 3rd Wave. If we projects the 5th wave from 3rd wave we will get 1.618% target @ 200 as well as there is resistance @ 200 from Jan 2020. Volume is also supporting to this.
So my target is for Tata Motors is 195 to 200.
Currently we are in Fifth wave of 5th Wave of Tata Motors. 4th wave is retraces to 0.618% of 3rd Wave. If we projects the 5th wave from 3rd wave we will get 1.618% target @ 200 as well as there is resistance @ 200 from Jan 2020. Volume is also supporting to this.
So my target is for Tata Motors is 195 to 200.
Komen:
Price hit target of 200 on 7th Jan 2021. Ten broke 201 daily resistance then boom closed @ 220.65( up 11.36% from yesterday close). 5th of 5th Wave completed on 7th Dec 2020 @ 184.15, Then ABC corrective wave ended on 23 Dec 2020 @ 164.95. Then new impulsive wave 1 stared ...