A rally to exit!!

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Ashok Leyland CMP- 200

Fibs- the stock is down to fib support along with trendline support. With RSI too at its previous support, to me this stock should reverse from here.

Elliott- this is a zig zag corrective pattern. The B leg is an expanded flat. The c of B will likely go nearly to highs.

Conclusion- The rally will push the RSI under the averages and also in the bear zone. This is a perfect set for a massive fall, which is also associated with the C waves.

Penafian

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