Fall still not over

TCS CMP 3444

Elliott - The 4th waves tend to cluster together. I have put a box around the 4th wave. Hence the current zone to 3730 is where this rally should fizzle. The 5th wave should start post that.

Fibs Even the Fib confluence is confirming a max rally to 3730. The first tgt is back to the lows at 3060. the second tgt is at 2670. Both these zones are fib confluence zones and are a high prob tgts.

Conclusion - The fall is still not over. So will suggest to be on the sidelines. The stock can turn from anywhere from the current zone to max of 3730.