Tata Chemical : Elliott Wave Analysis
Tata Chemical seems to have completed its Wave 4 correction and now it might be going for Wave 5. Wave retracement is between 0.236 and 0.382. If we analyze the Wave 4 correction in details it looks like a Zigzag where Wave b has retraced around 0.618 and Wave c has extended exactly around 100% of Wave a. And now the price is above the DMA lines which gives a reasonable surety of correction being over. If the analysis is proven correct we may see minimum 920 levels and if get extension 980-1000 is possible. Invalidation level is 670
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