Tata Consumer: Elliot waves Target (Monthly Chart)
TATA CONSUMER: MONTHLY CHART (Elliot waves targets)
It's in 4th corrective wave (in progression), it may complete around 600-700 level ( either 24% or 38% retracement of wave 3)
Targets for the 5th impulse wave would be 950,1300,1750 level, 62% of wave 1-3 retracement, 162% of wave 4, wave 5 equals to wave 1 respectively.
Bearish on short term, Long term trend bullish.
Roughly 12-18 months for the long term target
It's in 4th corrective wave (in progression), it may complete around 600-700 level ( either 24% or 38% retracement of wave 3)
Targets for the 5th impulse wave would be 950,1300,1750 level, 62% of wave 1-3 retracement, 162% of wave 4, wave 5 equals to wave 1 respectively.
Bearish on short term, Long term trend bullish.
Roughly 12-18 months for the long term target
