Mazdock CMP 1860
Nifty Def CMP 8561
Mazdock
Elliott- the stock has a complex corrective pattern and hence the deep correction. Corrections tend to cluster around the vicinity of the 4th wave. This chart is a good example of the same. To me this zone is a high prob reversal zone. At the same time Nifty def formed an expanded flat corrective pattern and is over.
Conclusion - this sector has given deep correction and is offering a very good opportunity to enter. So here is another sector showing that the correction is done.
Nifty Def CMP 8561
Mazdock
Elliott- the stock has a complex corrective pattern and hence the deep correction. Corrections tend to cluster around the vicinity of the 4th wave. This chart is a good example of the same. To me this zone is a high prob reversal zone. At the same time Nifty def formed an expanded flat corrective pattern and is over.
Conclusion - this sector has given deep correction and is offering a very good opportunity to enter. So here is another sector showing that the correction is done.
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