High-Probability Elliott Wave Setup on TVSELECTTVS ELECTRONICS – Wave C Completion Zone Hit | Wave 5 Rally Setup Loading?
🧠 Market Structure & Wave Breakdown
TVS Electronics is forming a textbook Elliott Wave structure.
After a powerful impulsive Wave 1, the price has completed a clean A–B–C corrective phase, and is now sitting inside the crucial Wave C completion zone (₹541–₹522) 🔥.
This zone aligns with:
50–78% retracement of Wave A (typical Wave B/2 retracement)
Demand + structure support from previous consolidation
Market psychology reset after an overextended Wave B
This is where the early reversal of Wave 5 typically begins 📈.
📚 Educational Insights
🔄 ChoCH – Change of Character:
The earlier breakout confirmed a structural shift, marking the start of the new Elliott Wave cycle.
When ChoCH appears again near lows, it often signals the end of corrections.
📉 A–B–C Corrections Explained:
Price forms Wave A (sharp drop) → Wave B (retracement) → Wave C (final flush).
Wave C often completes at deeper zones like the 113–128% extension, which aligns with this chart.
🌀 Wave C Completion Zone (541–522):
This zone marks exhaustion of sellers and transition to accumulation, especially when aligned with fibs AND structural support.
🚀 Wave 5 Expectations:
Wave 5 is usually driven by renewed momentum, volume expansion, and trend continuation.
Targets come from fib extensions of Wave 4.
🎯 Prediction & Targets
If the price reverses from the ₹541–₹522 support and breaks structure upward:
🎯 First Target (Wave 5 Mid-Zone): ₹763 – ₹793
🎯 Second Target (Wave 5 Completion): ₹891
A break above ₹605.95 (previous micro-structure high) will confirm the bullish wave activation.
🛑 Stop Loss (Closing Basis): Below ₹504
This level invalidates the Wave 4 / Wave C completion structure.
💡 Trading Strategy (Educational Purpose Only)
🟢 Entry Zone: ₹541–₹522
Look for bullish reversal patterns → Hammer, Engulfing, Double Bottom, or ChoCH.
📈 Confirmation Entry:
Break above ₹605.95 + retest → safer Wave 5 trend-following entry.
🎯 Profit Booking:
• Partial at ₹763–₹793
• Final around ₹891
⚖️ Risk Management:
• Use SL below ₹504 (daily close).
• Risk max 1–2% of capital.
• Don’t chase candles — wait for clean structure break.
🧩 Summary & Outlook
TVS Electronics has now entered the Wave C completion zone, a high-probability demand and reversal area.
If buyers step in here and structure flips bullish, a Wave 5 rally toward ₹763 → ₹891 could unfold.
This setup aligns perfectly with Elliott Wave principles, Fibonacci confluence, and structural demand. ⚡
⚠️ Disclaimer
I am not a SEBI-registered analyst.
This analysis is for educational purposes only — not financial advice.
