It seems cycle finished in ending diagonal at the top and it started correcting the previous up trend. The drop was ABC zigzag, so expecting it to bounce, which can be dip towards 1560-1600 and after that expecting one more cycle down towards 1350 or lower to finish the current correction.
https://www.tradingview.com/chart/GRASIM/NRIz58Pg-Grasim-Elliott-wave-analysis-ending-diagonal/
https://www.tradingview.com/chart/GRASIM/NRIz58Pg-Grasim-Elliott-wave-analysis-ending-diagonal/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.