Friday downslide and close below 200DMA has led to many people asking --"now what?"
I just wish to remind them that this is what we have been following since our failure to go above 5342.
Labelled as Y, this 3 wave form was supposed to take us below W(i.e. 5136) and going by an ideal zig-zag when Ya=5342-5154=188 this Yc was ideally supposed to take us to 5091[Yc=Ya=188].
To recall our labels:
.png)
.png)
Lets try to follow each wave as it comes--- to me it looks that we are very close to the end of B retracing A(=4531-5629=1098) as WXY--may be 5046 as the chart above shows.
Raghu
I just wish to remind them that this is what we have been following since our failure to go above 5342.
Labelled as Y, this 3 wave form was supposed to take us below W(i.e. 5136) and going by an ideal zig-zag when Ya=5342-5154=188 this Yc was ideally supposed to take us to 5091[Yc=Ya=188].
To recall our labels:
.png)
.png)
Raghu
Guru ji pranam,
ReplyDeletePlz guide us what mistake we did from 5180-5279. Level, as we us were waiting for this target of yc.
We were waiting for Yb to do 5289 before Yc would start.
DeleteAnd it turned back from 5279.4
That 10 points underplay cost us 200 points---
It happens sometimes---
Dear Raghu ji !
ReplyDelete70 and 145 both numbers in one wave ?
or
is it 89 and 145 ?
In the above chart 70 & 145 have been shown in one wave--say sw3 of Yc--- with sw1 being 38(though that makes sw3> much longer)
DeleteAlternatively we can take--on 15 min charts--sw1=89 and sw3=145---
lets see how it ends---
Dear Raghu ji !
ReplyDeleteDoesn't alternative look better ?
other wise
Black:Red ratio is 38:188
---------
Raghuji,
ReplyDeleteIf it is not much trouble can i please ask you to post an EW counts of Tata motors on our Facebook forum, i am trying to label it as:
W1: 137.5 - 208
w2: 208 - 160.15
W3: from 160.15 - still running and currently in Subwave 5