Watch for reversal signals

Granules CMP 461

Elliott- a correction that starts with a big bear candle or an inverted V types are generally the first leg of the fall. This is a typical zig zag corrective pattern. The weakness was a lot and hence the retracement was very less. I remember speaking about the weakness.

the stock is now down to a strong support as it is at fib and trendline support. I will want to see some reversal signals here. In my view its a high prob reversal zone.