National Aluminium Company

I am posting Elliott Wave Analysis of daily chart of 'National Aluminium Company' to understand it's structure. The price has completed intermediate wave (1) and now correcting to complete correction wave (2). The wave (2) can correct as low as 78.6% of intermediate wave (1) i.e. level of 33.79. This depicts that there is still weakness in this stock.

Disclaimer: This and all the ideas I present are for educational purpose only.