BATAINDIA

I am posting Elliott wave count of monthly chart of 'BATAINDIA' to understand it's structure. Primary wave [5] is 261.8% of wave [1] and there is negative divergence between peak [3] and peak [5] which indicate that the wave [5] is complete and A, B, C wave correction is to unfold. The different fibonacci support levels are depicted on the chart.

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