Maruti Suzuki: ElliottWave Forecast

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Maruti Suzuki daily chart


I was bewildered when I first saw this chart, but later when I started calculating the wave counts it felt that it is so perfectly poised to soar. Here I present you the wave counts of Maruti Suzuki. Before you read the explanation, I am here to announce that you all can learn ElliottWave and NeoWave analysis with me which is set to start in February 2020. This will be a 4 day course and the fees will be RS. 10,500/- for inquiry call +919324174580

In the first half of the chart vertically you can see an impulse rally where in wave v was truncated. Also after that wave a-b-c was have a Fibonacci connection where wave c was 61.8 of wave a. Now fresh leg on the upside has started where in wave i i los to be a leading expanding diagonal and wave ii retraced 38 .2% and now wave iii has started which looks to be extended. Now minimum criteria is 100% of wave i, which means wave iii can go till 9200. But the rule of extension says that it can advance near till 10500 levels.

Comments

Phani Kumar said…
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Citigroup Market
Essar Steel
16 September 2020 at 15:20
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