The scrip has completed 3rd Impulsive wave on higher degree and on internal it completed the 5th wave TAMO is liked by Many and its been a Good stock for holding on Positional , in recent days its been in correction due to lots of unwinding the business , it has ended up closing some costly ventures and other legal battle , after making double top in 2016 on weekly basis it was quite evident it will move down for some correction so we went short and we ware rolling over in it until last month , then we made a decision to go for long and we started accumulation in Cash and we positioned in Futures lots too , but today the pain is still high , its not important what news caused this down ward push , Interesting and true , i have been practicing Elliott wave theory since 10 Years and i was Quite Comfortable with the theory and during the trade decision i have used my own rule for Going long & Short , whenever there is violent drop and pull back that indicates the institutions have Made an move where balance accumulation is completed and for sure they will not allow the price to retest because its premium they hold they will never let anyone to buy the stock at the price they bought , and i trusted last week move was Quite eventful and possible pull back will occur and slowly the scrip might move up or range a bit and then move up again one more fact was the chart and pattern was screamingly telling its long drain out pattern at any given instance it should move up and it was confirming the Wave theory , seriously i am holding in cash & Future one thing is On Monday it will snap or crack , if cracked then this scrip will be out of list form many investors who liked to be invested in such scrip , if snapped back then No body can stop it till 345 Today i was Questioning My self what wrong i did while taking a decision , Lastly this Market is big teacher and it will teach us every day so lets wait for Monday open and face it Good Luck
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and Guys dont hang around the internal wave 4 is high or overlap the wave 1 , in real market it happens , even the Elliott wave theory has guidelines in case the overlap is should not be more than 2 days , only in those stock which has higher fluid in volume
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Guys Take a brake , I am professional here , Not an Petty retail trader , i handle accounts worth millions Now Go with Book value is 322.64 as on today close Price to Book value : 0.69 that means the book value is discounted by 31 % EPS: 13.52 PE Ratio: 16.52 Industry PE: 17.42 P & L YOY is increase in 18 % + ( You can refer PAT) Cash Flow increase by 10.33 % YOY Return Per Equity is 8.88% Return on Capital Employed is 9.87% Return on Assets 2.28 % Stop overthinking and Wait for Market to respond , for Company Like TAMO there is not end of business , stay with it , and it will give Good yields Best of Luck
@sandy15, Prove your self , before commenting on some one chart , Post your ability of understanding , Dont simply comment wrong or write ,
Go and start posting the charts and prove you have an ability to read the charts
sandy15
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@MoneyRain, wave 4 can not overlap 1 wave and more over your 2()1 count seems wrong .anyways all best i did not mean to hurt you bro.in general way i said
I-Fund-Trader
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@sandy15, Yes i do understand it , No rush , also read the facts that this the theory , Market is Good teacher , and i have already updated in second comment , dont hang up on wave count on internal , when scrip is having high participants it tend to have and swings beyond the theory , as a professional one must understand the overall performance and Gauge it , Good luck to you
sandy15
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@MoneyRain, in this fall may toch 205 level at once and near term range seems205-250 max
sandy15
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@MoneyRain, i am an ichimoku trader there i use i wave ,n wave,y wave ,p wave along with price and time .due to lac of time i hardly post anything over here .i am active with my analsyst group .there we have harmonic ,elliot,ichimoku,anf point and figure expert
sandy15
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@MoneyRain, sir as i told u that its a wrong count
baibav
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Sir do you have any updated view on this script ?
I-Fund-Trader
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@baibav, its in legal battle between Tata sons & Tata Motors Itself , so i am not sure how the results would be , and what level we can expect the reversal ,
vinodsinghfcca
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Well we might be retail traders but it does not change that a normal retailer found, elliott wave, ichimoku, gann and etc which you professionals are using. So start respecting others. Even professionals are sometime wrong and this time you are "WRONG".