NileshThete
Long

Mcleod Russel - Correcting

NSE:MCLEODRUSS   MCLEOD RUSSEL INDI INR5
14 0 1
We have seen a five wave impulse from the low of 129 to the high of 220...Scrip is in correction mode now. We will assess how the correction progresses....If the move from 129 was an impulse we should hold the low of 129....Violation of 129 will set in tripple correction....Strategy is to buy @ 50% & add @ 61.8% retracements and hold with stop of 125..

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