3 Jun 2020 ● 06:43 AM
The long term wave count of Eicher motor had to be reworked .I earlier marked it showing the 5th wave is complete. However with the correction ending at the bottom end of the reverse parallel channel it is possible to argue that wave 5 up as a final move may still be pending. The lower end of the channel is at 12,800 and the top end of the channel is at 200,000. The wide range is a function of the stocks own large moves in the past. 5th waves can be devious as they sometimes truncate and sometimes achieve all expectations and therefore they keep you on your toes.