TTML – Elliott Wave Structure Suggests One More Leg Down Before
TTML has been consistently showing sell pressure on every bounce, indicating that the current downtrend is still in control. Based on the Elliott Wave count, the chart structure suggests that Wave (5) may not be fully complete yet.
The ongoing correction hints at more downside pain, with price likely to test the ₹40–₹38 support zone. This area aligns with multiple historical support levels and also fits well with the final leg of the Elliott Wave structure.
If the stock holds this demand zone, a strong reversal toward the ₹150–₹155 region becomes highly probable, marking a potential start of a larger bullish cycle.
Trading Plan (For Investors)
Accumulation Zone: ₹38 (±2)
Stop Loss: ₹35
Target: ₹155
The ongoing correction hints at more downside pain, with price likely to test the ₹40–₹38 support zone. This area aligns with multiple historical support levels and also fits well with the final leg of the Elliott Wave structure.
If the stock holds this demand zone, a strong reversal toward the ₹150–₹155 region becomes highly probable, marking a potential start of a larger bullish cycle.
Trading Plan (For Investors)
Accumulation Zone: ₹38 (±2)
Stop Loss: ₹35
Target: ₹155
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.