Friday, May 04, 2012

Hero Honda - Elliott Wave Analysis

The first three wave corrective move turned out to be wave A of the " flat correction",  we then completed a three wave advance in wave B, now we have started the fall in wave C of {II}. This could be a sharp fall as we can see from the start of it. The possible range for wave C is 1700 - 1575. Once we reach this zone we can look for possible reversal patterns. Till then it would be prudent to short every rise (albeit a 3 wave one).


  1. Could you pl do follow up for Heromotor as it is rallying now along with nifty

    1. I will take up Hero Motor on Monday.

    2. Here is the link for the analysis you wanted


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