UNDERDOG-29

DOUBLE CORRECTION WXY WAVE Y IN PROGRESSION.EXIT LONGS

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UNDERDOG-29 已更新   
NSE:TATAMOTORS   TATA MOTORS LTD.
TATAMOTORS IS MAKING DOUBLE CORRECTION WXY.

WAVE W AND WAVE X ARE DONE.

WAVE Y SUB-DIVIDES IN ABC SUB WAVES,TODAY'S BOUNCE INDICATING WE ARE IN WAVE B.WHERE IT WILL END DEPENDS UPON THE FORM OF CORRECTION(EXPANDED,REGULAR,RUNNING/ZIGZAG).

THIS WAVE B BOUNCE SHOULD BE USED TO EXIT LONGS AND CREATE SHORTS ONCE WE GET CONFIRMATION IN THE FORM OF BEARISH CANDLE.PERSONALLY I FEEL WAVE B SHOULD TERMINATE BETWEEN 308-316 AS THERE IS GAP IN THIS ZONE AND ONE SHOULD EXIT LONGS BETWEEN THIS RANGE.HOWEVER THIS DOES NOT MEAN THAT PRICES CANNOT GO ABOVE THIS ZONE.

1:1 EXTENTION TARGET OF WAVE Y COMES @ 250 RS.

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