M&M Path Ahead with time cycles and Elliott wave combined!

Elliott wave is the GPS of the market that helps to understand the overall maturity of the trend. Neo wave is an advance method that is used to identify price pattern and predict market movements. Mahindra and Mahindra is at an important juncture along with Time cycle ongoing. By combining the advanced Elliott wave with Time cycle, one can forecast further path for the stock.

Novices think of getting at exact lows and getting out at exact highs but expert traders try to capture the best of the 3rd wave and wait like an eagle for that exact moment to catch the prey most of the time.

See the detail research below on Mahindra & Mahindra:

Mahindra & Mahindra Weekly Chart
On the above chart, we can see how our selected Time cycle of 51 Weeks has played out so perfectly. Time cycle has consistently captured all the recent lows before prices saw a sharp rise on the upside which can be seen clearly on the above chart. Currently cycle is ongoing so prices are likely to remain under pressure before fresh leg on the upside begins. A break above 3270 levels can turn cycle on the buy side.

Elliott wave helps to understand the overall maturity of the trend and if the rise is sustainable or not.  As we can observe, M&M have been moving in sync with the Elliott wave counts. Since the Covid low in March 2020 the entire rise has been impulse in nature. Currently, internal wave iv of wave (3) is unfolding on the downside. We can expect it to get complete near the trendline support which is near 2750 levels. Post completion of wave iv we can expect buying to resume in form of wave v. For confirmation a break above 3270 levels is needed.

In a nutshell, we can conclude by saying that when Price, Time, and Elliott wave all in sync it can lead to interesting results even in stocks.  

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