SPX5000
Short

Possible Long Term EW Count - Ashokleyland

NSE:ASHOKLEY   ASHOK LEYLAND
There is a very high possibility that Ashokleyland is nearing a major 5 wave completion.As per my primary wave count we will form a top between 130 and 140 so watch out for an impulsive 5 wave fall to initiate trades . The alternate count is that we are in wave 3(3) in which case the price will push higher much beyond 200, but the probability of the alternate count is low at the moment. The possible targets for the primary count is anywhere between 88-57.

Good Luck Traders.
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