TJX Companies (TJX) extends bullish sequence

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 rally as discussed in previous article, targeting $137 or higher levels in V of (III). Above 4.21.2025 low, it expects new high to finish the impulse from 4.07.2025 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 view from 3.24.2025 

Above IV low of $112.10, it favors rally in ((1)) of V. So far, the structure appears overlapping diagonal in ((1)) of V. But if it manages to erase the momentum divergence in next rally, it can be nest in V. It placed (1) of ((1)) at $128.33 high, (2) at $116.37 low, (3) at $131.30 high & (4) at $122.25 low. It favors rally in (5) to finish ((1)) towards $133.41 – $136.86 area as the part of diagonal from 4.07.2025 low. Buyers from the blue box area are already having risk free long position. After finishing ((1)), it should pullback in 3, 7 or 11 swings against 4.07.2025 low, which remain supported at extreme area. We like to buy the pullback at extreme area.