this wave is devastating

414
L&T CMP 3260

Elliott - the 3rd of C is the most devastating. This is one stock where I can see the 3rd has started. This wave falls like a knife. Below 3242 it will rush to 3K and 2840. In my view this wave will not finish before 2200.

Conclusion - we all know the thrust of a triangle is very powerful on either side. The test from below was an opportunity. Strong stocks showing weakness is extremely bad news.

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