Correction not over in IT

TCS CMP -3784

I had stated before that IT and Pharma is also weak and they will also correct. They have started late and will correct further.
Elliott- the iiird wave of C of the zig zag corrective pattern is underway. Below 3760 we will see 3680 and 3590.

Nifty IT vs Nifty 50 - on the right is the ratio chart. See how the IT performed better than Nifty during the sharp sell off. Now its time for Nifty 50 to do better. Which also means the correction in IT is still not done.