Tata Motors Possible Elliott Wave Count?

These are the possible Elliott Wave counts of Tata Motors on Weekly charts.

Wave 1 took 150 weeks to complete which started from Rs 58.

Wave 2 took 60 Weeks.

Currently we are in wave 3 of wave 3 which can go upto Rs 805 - 810, possibly in 45 weeks which comes to the end of week on 14/02/2006. Currently we are in 44 week.

Tata Motors Review!!!!!!!

This is the review of the previous post!!!.

The chart of Tata Motors shows the next possible Ressistance.

The price target of Tata Motors works out to around Rs 805 - Rs 810.

Elliott wave of Mid-Day Multimedia?

Mid-day Multimedia, Yesterday's closing Rs 90.00, What's Happening? Mid-day multimedia has completed an impluse wave, see the attached monthly chart. Currently it is in a corrective mode, forming a flat. The counts are as follows: Wave 1 completed on 31/12/2003 @ 43.20 Wave 2 completed on 30/06/2004 @ 17.92 (0.786 of wave 1) Wave 3 completed on 31/03/2005 @ 94.70 ( 2.236 of wave 1) Wave 4 completed on 31/05/2005 @ 61.55 ( 0.5 of wave 3) Wave 5 completed on 30/09/2005 @ 118 ( 1.618 of wave 1) Wave a of flat completed on 31/10/2005 Wave b of flat completed on 31/01/2006 Thereafter, it has started a flat correction, where wave a & wave b has completed. Wave c is under formation which can come down to the following levels:

• 96 (0.382 of wave a)
• 90 (0.5 of wave a)
• 84 ( 0.618 of wave a)
• 63.65 ( 1 of wave a) (this level is also 0.5 of the whole impulse wave ie from 118 - 9)

If this wave c extends, which is unlikely, then the following calculations would apply:

• 49 ( 1.272 of wave a)
• 43.65 ( 1.382 of wave a)

The following news is picked up from moneypore.com

(Dec 12, 2005: (Disclosure of news by the company) The company has alloted 21,90,000 equity shares, on 23rd January 2006, to two funds operated by T.Rowe Price International Inc. a FII @ Rs.82 per share aggregating to Rs.179580000. Hence the paid up capital of the company stands increased to Rs.447562770. )

TISCO update

Tisco is at a very crucial level. It has moved above the 0.618 level of the range 437.15 to 329.05. 437.15 high was made on 05/10/05 & a low of 329.05 was made on 28/10/05. A fib level is drawn on the chart of Tisco. A level 405 is very important for Tisco on a closing basis. Once crossed, we can see Tisco moving up very strongly, which is supported by volumes. Another level where we can see some resistance would be 414 which is 0.786 of the range. The supports are marked in blue. Only 405 level is marked in red to show the importance of this level.