JSW Steel shorting opportunity (Elliott Wave)

JSW seems to have completed a complex W-X-Y W.2 formation and has broken below the channel line of the W.Y which presents a low risk shorting opportunity here with small SL above the last swing high near 345.30 and possible targets near 293 or lower level.
Aug 13
Trade closed: stop reached
87.5% forecast accuracy for 2017 :

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