Maruti possible corrective move up (Elliott Wave)

The move down from the 9930 level seems to be in Double Zig Zag formation with the current progression being in W.b of the second Zig Zag .
If this is the count playing out then we should see a minimum 3 legged up move which can take Maruti to 9155-9230 (white resistance zone ) .

The count will become Invalid if Maruti moves below 8795 and hence the same can be treated as SL level.
Sep 06
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