Apollo Tyre CMP 480
Elliott- The five wave impulse wave is done. Now a three wave correction should begin, Wave 1 and wave 5 have a equality or 1.618 relationship. Here it is equality. I have marked the same in the form of Boxes. Break of the trendline will be the start of a big correction in the counter. The natural support zone is the 4th wave of one lesser degree which is 300/330 zone marked as iv on the charts. This is the minimum correction which we will see.
Elliott- The five wave impulse wave is done. Now a three wave correction should begin, Wave 1 and wave 5 have a equality or 1.618 relationship. Here it is equality. I have marked the same in the form of Boxes. Break of the trendline will be the start of a big correction in the counter. The natural support zone is the 4th wave of one lesser degree which is 300/330 zone marked as iv on the charts. This is the minimum correction which we will see.