PAYTM to half from currentlevels even after dropping 40% in2days

PAYTM is currently falling in Bearish "C" wave and the target for the same is projected around INR225-240 zone.
The fall after its listing was an bearish impulse labeled as "A" and the entire 2022-2023 move can be labelled as a counter trend bounce labelled as "B".

We can witness another 50% drop from current levels with or without any counter trend bounces on the way down.