Tata Steel

I am posting Elliott Wave Analysis of daily chart of 'Tata Steel' to understand it's structure. The price has completed primary wave [1] and now it is correcting to complete the wave [2]. Price is in 5th wave of wave [C]. The wave 3 is shorter than wave 1 so the 5th wave must be less than wave 3, wave 5 may complete before 306.66.

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