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Ashok Leyland

12 Jun 202002:10 PM

Ashok Leyland - ended its big decline in a truncated wave Z. Meaning that the 5th wave ending diagonal was at a higher bottom. This I only consider if wave 5 is at least 61.8% of the previous bounce, in that case 61.8% of wave 4. Else truncation is not valid. From 42 a new move up started and is in its initial moves. This once past the wave 4 high of 53 and the recent high of 55.35 we should start to rally back toward the next major high near 87 to complete a 5 wave advance.

ashok 120620

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