Hi, Friends I'm anticipating CNXAUTO is forming Possible Wave A of Zigzag and Wave A consist of 5 wave structure it already completed Wave 1,2,3 and wave 4th are in action yet to fully evolve my expectation it should completed within April (4% Error). so, then 5th highly possible to complete in month of June(2% Error).
Basic Rules of Elliott Wave
1. Wave 3 is ...
The weak numbers from auto companies lead to massive selloff in the auto stocks and also auto ancillaries.
Seems the fall would become a bit nimble now.
Below 8750 we may see more weakness towards 8515.