NSE KPIL Elliott Wave Analysis: Wave (3) Rally ContinuesKPIL Stock: EW Indicates Strong Bullish Trend
Kalpataru Projects International Limited ( NSE:KPIL KPIL) appears to have completed a corrective Wave (2) near the 38.2% Fibonacci retracement level and has resumed its larger uptrend. The stock has recently broken above the previous Wave (1) high around ₹1,337 , confirming renewed bullish momentum. The strong rally from the Wave (2) low suggests that a larger Wave (3) may be underway.
Next target: 1520 - 1590 - 1680 - 1895
Invalidation Level: The overall bullish structure remains valid as long as the Wave (2) low near ₹996 is not violated.
Long