Pushpmegh

Pushpmegh

🔍 Wave Structure Analysis (Elliott Wave Count): The chart follows a classic 5-wave impulsive structure: Wave i → ii → iii → iv → v (subwaves of primary wave 1). Wave (ii) retraced ~38.2% of Wave (i), showing healthy correction. Wave (iii) extended well, with internal sub-waves clearly marked (i, ii, iii, iv, v). Current move is likely Wave v of 1, still in...

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The chart displays a bullish impulse wave structure, with clear labeling of waves ① to ⑤ (sub-waves) and i to v (main impulse structure). Here's the breakdown: 🔹 Wave Structure Wave ① and ②: Wave ② retraced to around the 0.382 Fibonacci level (94,054), which is a healthy correction. Wave ③: A powerful rally exceeding wave ①. Internally subdivided into 5...

Pushpmegh

✅ Elliott Wave Count (Verified & Explained) The chart presents a classic 5-wave impulsive Elliott Wave structure: Wave 1: Initial rally, confirmed by a clear breakout. Wave 2: Deep retracement to ~0.786 Fib (around ₹106.95) — valid corrective wave. Wave 3: Strong rally to ₹318.15 — the longest wave, typical of Wave 3. Wave 4: Corrective phase, consolidating...

Pushpmegh Updated 

Trend & Structure: Price has broken out of a long-term falling trendline, indicating a potential trend reversal. Immediate resistance at ₹65 has been cleared, suggesting bullish momentum. Breakout level is marked and retested, forming a higher low, adding confirmation to the uptrend. Volume: Breakout is accompanied by rising volume, a positive sign of...

Pushpmegh

ALKEM LABORATORIES – Weekly Elliott Wave View The chart presents a clear 5-wave Elliott impulse in progress. Wave 4 appears to be completed or near completion, resting at the golden 0.618 Fib level of Wave 3. The broader uptrend remains intact inside the long-term channel. Key Levels: Support: ₹4,475 – ₹3,956 Resistance: ₹5,272, ₹6,439, ₹6,700, and ₹8,407...

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The structure suggests a completed Wave 4 correction at 0.5–0.618 Fibonacci retracement, setting up for the final Wave 5 leg. A bullish reversal is underway, supported by improving RSI and rising volume. Key Levels: Support: ₹603, ₹500, ₹465 Resistance: ₹725 (Fib), then new highs RSI at 42.6 shows early bullish momentum. A weekly close above ₹725 could confirm...

Pushpmegh

📊 Summary: A cup and handle pattern appears to have broken out but is now retesting the breakout zone. Price is hovering around support at ₹74–75, but weakness is creeping in, with RSI below 41 and declining momentum. 🔍 Technical Insights: Pattern: Classic Cup & Handle breakout, but failed to sustain. Trendline Breakdown: The upward sloping trendline has been...

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📊 Summary: After breaking out of a falling wedge, Hindustan Motors is currently in a consolidation phase near resistance zones. A range breakout above ₹35 with volume could open the doors for a bigger rally, while ₹27 acts as immediate support. 🔍 Technical Breakdown: Pattern: Falling Wedge breakout followed by sideways consolidation. Current Price:...

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📊 Summary: Deepak Fertilizers has successfully broken out of a Cup and Handle pattern with a weekly close above ₹1450, confirming a strong bullish trend. RSI supports the move, and price action aligns with classic breakout behavior. 🔍 Technical Breakdown: Pattern: Cup & Handle formation – bullish continuation setup. Breakout Zone: ₹1450 breached on weekly...

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📊 Summary: CreditAccess Grameen has shown a strong recovery from the ₹800 zone and is forming a rounding bottom pattern, suggesting the potential start of a long-term uptrend. The long-term channel from 2020 remains valid, and price is gradually making its way toward the upper range. 🔍 Technical Breakdown: Structure: Rounding bottom formation underway. Long-term...

Pushpmegh

🔍 Summary: Chemplast Sanmar has been in a prolonged downtrend after peaking near ₹750. Price recently respected key Fibonacci retracement zones and horizontal support near ₹420. Currently, it is attempting to break a falling trendline, with RSI also showing early signs of strength. 🔍 Technical Breakdown: Trend: Downtrend since July 2023 with consistent lower...

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Analysis: IOL Chem & Pharma is showing signs of life after years of consolidation. A potential inverse Head & Shoulders pattern is forming with a neckline around ₹90–91. 📍 Key Levels: ✅ ₹91 – Breakout level on daily close ⚡ ₹111 – Multi-year breakout confirmation 🛡️ SL: ₹75 (below recent structure) Volume confirmation is critical for breakout sustainability....

Pushpmegh

Analysis: Shipping Corp of India appears to have completed a classic Elliott Wave 1–2–3–4 structure, with Wave 5 potentially underway. ✅ Wave 3 shows strong momentum, and ✅ Wave 4 found support near the 0.618–0.786 retracement zone – a healthy corrective pullback. ✅ RSI is rising from the 40 zone and now sits near 60, indicating growing strength without being...

Pushpmegh

A rounded base/cup formation is visible, showing a long-term bottoming structure. The stock has completed a Wave 1 impulse (207.99) followed by an ABC correction. Elliott Wave Structure: Primary Wave 1 (completed near ₹208). ABC correction labeled clearly post Wave 1. A fresh wave cycle is projected: Sub-waves 1 and 2 of Primary Wave 3 are...

Pushpmegh Updated 

🔍 Chart Analysis 🏗️ Structure & Patterns A perfect Cup & Handle formation is visible. Price has broken out above the neckline (~₹98,000) but is currently in a pullback phase, forming the handle. A falling wedge breakout is also seen prior to the breakout — a bullish continuation pattern. 📐 Fibonacci Retracement 0.382 level at ₹96,132 0.5 level at...

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Here's a detailed technical analysis using Elliott Wave Theory (EWT), Fibonacci, and volume/RSI interpretation for CARYSIL LTD (Weekly Chart): 🔍 Chart Analysis Summary: 1. Trend & Structure A falling trendline was broken decisively with strong bullish candles and high volume—indicating a trend reversal. The recent structure indicates a potential Wave 3 rally if...

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🔍 CHART ANALYSIS (Weekly Timeframe) 🟩 Trend & Price Structure: Long-term uptrend is intact (since 2020), though it underwent a correction starting in 2022. Price has respected a trendline support (dotted black), but recently broke below it and is now attempting a reclaim. There’s a clear breakout from a falling wedge (pink trendline), which is a bullish...

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1. Elliott Wave Count Wave 1 peak near ₹26,375 (retraced by 0.618 for Wave 2 – valid). Wave 3 extends strongly till near ₹40,856 (confirmed as the largest wave). Wave 4 seems to have: Landed in the previous demand zone RSI not oversold but near midpoint → healthy correction Found support slightly below 0.382–0.5 Fib zone (valid depth for Wave 4) ➡️ Wave 5...