TORNTPOWER – Wave C Rally Loading from Golden Fib Zone?
After a 5-wave fall and clean ABC correction, price is poised for a potential Wave C breakout.
Golden retracement zone held strong – is this the beginning of a bullish continuation toward ₹1825?
🧩 Elliott Wave Structure:
Full 5-wave impulse decline completed → Wave 5 bottom at ₹1195
Sharp Wave A rally confirms initial trend reversal
Wave B retraced to Golden Zone (50–78.6%) → ₹1399–1422
Structure now favoring development of Wave C
📌 Key Confluences:
Golden Zone Support: Price holding firm at ₹1399–1422
CHoCH (Change of Character): Clear structure shift after Wave 5 bottom, confirming trend reversal
Price action above CHoCH level = bullish intent
Support + Fib + CHoCH = high-conviction reversal case
🎯 Targets:
Wave C Completion Zone: ₹1778–1825
Upside potential: ~28.5% from current levels
🛑 Stop-Loss & Risk Control:
Stop-loss: Day close below ₹1301
Risk:Reward: 3.4+
📈 Summary:
5-wave decline + ABC setup = classic reversal blueprint
CHoCH confirms structure flip from bearish to bullish
Low-risk swing opportunity from high-probability zone
Wave C often delivers strong directional moves – and with CHoCH in place, the foundation looks ready!
#TORNTPOWER #WaveC #CHoCH #ElliottWave #SwingTrade #GoldenZone #TrendReversal
