Thursday, May 18, 2017
Wednesday, May 17, 2017
>Tatamotors elliottwave
Hi friends,
Looking at tatamotors charts,Lets count from high of 600,We can see a abc correction till 430 .Then again a abc up tull 550+ making a lower top and then fell to below 420 making lower low in anc correction .
Now expecting a move towards 480,500 in abc correction up to hit trendline resistance.
Need to look at the structure of this anticipated rally ,To further acertain the move.
Saturday, May 13, 2017
>M&M Finance elliottwave structure
Hi friends,
lets check the wave structure of m&m fin ,Lets try to count waves from December 2016 low.
The chart is well labeled ,The price is moving in a parallel up channel.The stock did abc up move followed by a X wave and now again in process of making next abc move .Currently a is finished (made a ending diagonal) now in b wave expectation is abc correction to finish b wave in (310-305).The strong support is at (300-295) range .
Expecting a up move from 300 levels.
>NESTLE ELLIOTTWAVE Structure
Hi friends,
This is new entrant to future segment,This stock structure looks promising,Lets breakdown the chart structure.
The chart is well labeled.7500 to 5000 the stock did big wxy this correction took almost a year to finish.Further after that stock did a leading diagonal move and almost hit previous high of 7500 and fell back and made a abc correction ,And now again the wave upmove has started,This move should atleast hit 7500.Above 7500 the stock can do big move would recheck once 7500 is hit.Lets see how stock moves in coming weeks, Dips should be bought this should hit 7500 as long as 6000 is held.
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