Hanumanji

Hanumanji
Jai Hanuman Gyan Gun Sagar Jai Kapeesh Tihu Lok Ujaagar Ram Doot Atulita Baladhaama Anjani Putra Pavanasuta Naama

Tuesday, November 29, 2011

Tata Motors: An EW Perspective






Above Count has a lacuna.
It is showing ABC as a zig-zag with A being a 3 wave. As per my manual EW Principle by Prechter & Frost, a zig-zag has to be 5*3*5 and if A is a 3 wave then the corrective should proceed to do a Flat.
As we donot have a Flat in the making, we have to say that a Double zig-zag should be in the making with following labels:
So currently we have Y.B in play as a zig-zag(5*3*5) which should logically take us past 208 but not above 216.

Raghu

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.