Deepak Nitrite CMP 1526
> Elliott - This stock made highs in Sep 21 and since then has been in a corrective mode. The rally to new highs in July 24 is also part of the correction. The C wave is in its v th and last wave of correction.
> Fibs - in my view the stock should bottom either at 1425 or 1348.
> Conclusion - We will follow this stock as this will be the first one to bottom.
> Elliott - This stock made highs in Sep 21 and since then has been in a corrective mode. The rally to new highs in July 24 is also part of the correction. The C wave is in its v th and last wave of correction.
> Fibs - in my view the stock should bottom either at 1425 or 1348.
> Conclusion - We will follow this stock as this will be the first one to bottom.
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