Wave4correction

Aeroflex Enterprises: Wave (iv) Pullback Into Key Support?After completing a strong impulsive advance, Aeroflex appears to be undergoing a Wave (iv) correction. Price is now approaching a confluence support zone between ₹124–126, which also aligns closely with the 38.2% Fibonacci retracement of the prior impulse. As per Elliott Wave guidelines, Wave (iv) often retraces 23.6%–38.2% of Wave (iii), making this area an important zone to watch for signs of demand returning. Key Levels: - Support Zone: ₹124–126 - Point of Ruin: ₹114.80 (Wave 1 top) - Bullish View: Valid as long as price holds above the point of ruin. - If support holds, the next impulsive leg could be Wave (v) toward fresh highs. Trading Plan: Wait for bullish price action or reversal confirmation within the support zone. Avoid anticipating the reversal without confirmation. A decisive break below ₹114.80 would invalidate the current bullish wave count. **This is purely an educational Elliott Wave analysis, not investment advice. Always and always manage risk and wait for confirmation before entering a trade.**

UNO MINDA Seeing a short-term opportunity shaping up on this chart. After a choppy sideways phase, price appears to be entering the final leg of the ongoing correction. The recent bounce shows strength, but the overall structure still suggests that this move could be part of a broader pause rather than a full trend reversal. What stands out to me: A sideways-to-choppy phase already in place Current move looks like a decisive leg within that range Nearby zone could act as a reaction area For now, I’m treating this as a short-term setup within a larger structure, and watching how price behaves around key levels before forming any directional bias. Would love to hear your take: Do you see this move extending further, or fading once the current leg completes? Open to different interpretations and learning from the community. Disclaimer: This is for educational and discussion purposes only. I am not a SEBI-registered investment advisor. Please do your own research before making any financial decisions. #PriceAction #TechnicalAnalysis #TradingIdeas #UNOMINDA #Indianstockmarket #shortterm #NSE

Another Bull Trap in Coforge?Trade Idea – Coforge Limited (30-Minute Chart) The structure suggests an ongoing impulsive decline where Waves i, ii, and iii appear to be in place. The recent bounce looks corrective and is being interpreted as a potential Wave iv retracement within the broader downward sequence. Price has started to stall near the previous consolidation area, which is consistent with the behaviour of a fourth-wave correction. If this count remains valid, the next move could be the unfolding of Wave v in the direction of the prevailing trend. The focus is on whether the corrective bounce completes and price resumes downside momentum. This is a technical chart study shared for discussion and learning purposes only. Not investment advice.

SUN PHARMA Hello & welcome to this analysis From the pandemic lows made in March 2020 till date it has likely completed Wave 1, 2 & 3 and is doing a time wise (TRIANGLE) corrective wave 4. The sub waves of 4 are suggesting "c" is ending with "d" and "e" pending before it resumes the terminal wave 5 impulse. This is suggesting that for quite a bit of time the stock could remain range bound. This wave count of a triangle will be invalid if current decline goes below 1547 and/or the expected bounce in wave "d" goes above 1857. Wave 5 target could be anywhere between 2400-2500 All the best

by Dinesh_C_Nagpal

Tata Motors - Mid Term (Now down then UP)Hi Friends, Tata Motors is in up move from a couple of weeks. The move is expected to continue after a brief retracement. Retracement levels are marked with Fib retracement. A zone around 452 can be a potential reversal zone. 2 daily closings below 61.8% fib marking will confirm the trend change.

by KunalSaxena10