NATIONALUM - Nalco Wave 3 has ended

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NATIONALUM CMP 213

I have attached the weekly chart for reference.. at 236, the price has completed wave 3 and rounding bottom target.. expect it to go sub 200 levels in this wave 4 pullback
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I was expecting the price to reject from 240-250 levels.. but the price went past 260 and now reversing.. lets see if the downtrend continues in this counter.

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Ending pattern seen after a consolidation (4th wave)

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Chart PatternsWave Analysis

I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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