JK Paper: In Elliot Collective Wave

We are looking into long term trend of J K paper in weekly timeframe with the help of Elliot Wave and Fib.

Here are our observations:

• We are actually in the corrective A,B,C phase of wave formation.
  
• The recent move of around 365 to 400+ is the wave-B of corrective wave-A,B,C.
  
• The major corrective wave-C may be extended upto the 61.8% (Golden Ratio) of Fin retracement (which is around 300).