Elliott Wave Theory

[WaveSurfer]

BROTHER WAVE SURFER COULD U POST A SAME Counts for CEAT ALSO

Ceat Monthly Log scale

Overall , should print new highs.

 

[WaveSurfer]

Tata Steel Monthly Log Scale

Wave 4 in blue might be a contracting triangle.

Wave counts in green/red denote a probable flat correction. Overall , looks like it has put its low in place and move up towards new highs.


Tata Steel Daily

 

[timepass]

Crompton Greaves : The long term chart looks wicked and the averages are screwed up. The short term chart doesn't have enough candles. The serious downtick was not due to any bad news but because of the business being split up.

What's your take on this scrip ?

Disclaimer : Am holding a small quantity at 47.69

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[WaveSurfer]

Crompton Greaves Monthly Log Scale

 

[timepass]

Your conclusions/remarks about this please.

Crompton Greaves Monthly Log Scale

 

[WaveSurfer]

Nifty Spot 1H

 

[madhura_760]

Ceat Monthly Log scale

Overall , should print new highs.

BROTHER NEW HIGHS MEANS MONTHLY HIGH or 52 WEEK HIGH WHICH IS ABOVE 1300..PLEASE CLARIFY..AND ALSO STATE IF ANY CHANCE OF IT TO COME AGAIN ALTEAST 1050.40 odd levels
REGARDS
PARAG

 

[gopicbin1]

Nifty Spot 1H

If 7777 breaches then 7970 , bears are being butchered

 

[WaveSurfer]

BROTHER NEW HIGHS MEANS MONTHLY HIGH or 52 WEEK HIGH WHICH IS ABOVE 1300..PLEASE CLARIFY..AND ALSO STATE IF ANY CHANCE OF IT TO COME AGAIN ALTEAST 1050.40 odd levels
REGARDS
PARAG

New Highs means new all time highs .

 

[WaveSurfer]

Your conclusions/remarks about this please.

Can go lower but like you said , the stock has been split on business division or something like that , i am not sure if my analysis applies in this case.