kalpeshloke

kalpeshloke

Current Market Structure: The chart suggests that IREDA is undergoing a Wave (2) correction after completing a strong impulsive Wave (1). The corrective phase is labeled as an A-B-C structure, indicating a possible end to the pullback in the coming weeks or months. Wave Count & Key Levels: Wave A initiated the downward correction, followed by Wave B...

kalpeshloke

Overall Trend: The stock has been in a prolonged downtrend since reaching its peak. The price structure suggests it is in a corrective phase based on Elliott Wave Theory. Wave Count Analysis: The chart shows a five-wave impulse, followed by a ZIG ZAG 5-3-5 corrective structure. The C wave is currently unfolding and appears to be in its final stages. Projected...

kalpeshloke

Apollo Hospitals - Elliott Wave Analysis (4H Timeframe) 📉 🔍 Key Observations : 1️⃣ The Stock Has Completed a Wave 3 Top and Is Currently in a Corrective Wave 4 In Elliott Wave Theory, Wave 3 is usually the strongest and most extended impulse wave in a five-wave structure. The chart indicates that Apollo Hospitals reached a peak, marking the end of Wave 3...

kalpeshloke

The daily chart of Bajaj Finance suggests an ongoing Elliott Wave triangle correction in Wave (4). Currently, the price appears to have completed Wave (d) near the upper trendline resistance, indicating a potential pullback towards the lower boundary (~₹6,533) to form Wave (e). If this structure holds, we could see a strong bullish breakout in Wave (5), targeting...

kalpeshloke

The price action of Asian Paints (NSE: ASIANPAINT) has been following a clear Elliott Wave structure. The stock completed a primary wave (3) at the peak, with a truncated 5th wave, indicating weakness in the final leg of the impulse. It is currently undergoing a wave (4) correction, following a W-X-Y pattern, with the price moving lower towards the 1.618...