TJX Companies (TJX) Continue Rally Towards $137

TJX Companies, Inc., (TJX) operates as an off-price apparel & home fashions retailer in Unites States, Canada, Europe & Australia.

TJX Companies, Inc., (TJX) operates as an off-price apparel & home fashions retailer in Unites States, Canada, Europe & Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada & TJX International. It comes under Consumer Cyclical sector & trades as “TJX” ticker at NYSE.

TJX favors bullish weekly sequence & expect rally to extend sequence from May-2022 low. It favors upside in V of (III) towards $127.94 - $137.75 area started from 3.13.2025 low.

TJX - Elliott Wave Latest Daily View: 

In Weekly, it started ((III)) bullish sequence from March-2020 low of $32.72. It placed (I) impulse at $77.35 high & (II) at $53.69 low as 0.5 Fibonacci retracement in May-2022 low. Above there, it favors upside in (III) & expect rally to extend towards $128 or higher levels before (IV) pullback start. Within (III), it placed I at $64.84 high, II at $54.55 low, III at $128 high as extended wave, IV at $112.10 low & favors rally in V. Within III, it placed at ((1)) at $69.77 high, ((2)) at $59.78 low, ((3)) at $121.13 high, ((4)) at $111.22 low & ((5)) at $128 high.

TJX - Elliott Wave Latest Weekly View: 

Within IV, it placed ((A)) at $117.89 low, ((B)) at 127.58 high & ((C)) at $112.10 low in blue box area as zigzag correction. Above there, it favors rally in V towards $127.94 - $137.75 area, which confirm above $128 high. Currently, it favors rally in (3) of ((1)), while placed (2) at $113.98 low. We like to remain long from the blue box area against $111.14 low. Once it ends (III) sequence to new high, it favors pullback in (IV) to correct May-2022 low. Alternatively, if it breaks below $112.10 low, it can do double correction lower as (IV) pullback, while placed (III) at $128 high.

Source: https://elliottwave-forecast.com/stock-market/tjx-companies-continue-rally-towards-137/

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