>M&M Finance update

Hi friends,

                   Had anticipated a fall in stock in last post MFINANCE ELLIOTTWAVE  .We can see that the fall has come from 340 levels to almost 300 now lets see the reaction near 300.

A good support lies near 300 lets see if it holds the stock can do good in coming days.

>Glenmark wave structure

Hi friends,

                   Lets look at the Glenmark structure on daily chart ,The time consuming dirty upmove turned out to be B up.

The wave targets show still more downside in glenmark ,Though a inbetween bounce should come soon but eventually i think 520-30 should get tested thats the support band.

>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.

>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.