Mahindra and Mahindra: ElliottWave forecast

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M&M weekly chart


Prices of this auto sector has surged in 5 wave structure which is very evident in the above chart. It is also to be seen that after making an all time high where I have marked wave 5, it reversed from the top in a five wave structure where I have marked wave a at one higher degree. This means that prices are now set to soar for B leg which can go up till 61.8% retracements of wave a. This can lift prices near till 800 levels.

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Comments

Phani Kumar said…
This Information is really good and informative. Thanks for it.
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Artemis Global
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21 September 2020 at 15:16
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