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).

4 comments:

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

    ReplyDelete
    Replies
    1. I will take up Hero Motor on Monday.

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    2. Here is the link for the analysis you wanted http://tradeelliottwave.blogspot.in/2012/07/heromoto-tatamotors-tatapower-tatasteel.html

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