bbhalaji
Long

AshokLeyland fell short off the expected move

NSE:ASHOKLEY   ASHOK LEYLAND
86 0 1
I expected an 161.8 projection of wave1 to form wave 3. But it looks like the wave 3 is done with 131.8% projection. Right now the formation looks like a flat or a complex correction. I am also expecting this series will be spend in forming wave 4. I am netral in medium term.
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