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Rising from the Ashes: CUMMINS INDIA's Grand Wave 5 Launch?After a soul-sucking 11-month correction that chewed through every classic pattern — flats, triangles, zigzags, combos — CUMMINS INDIA may finally be ready for lift-off. A WXYXZ correction has reached its climax in a clear Wave 4 low near ₹2580, completing the complex structure inside a descending channel. But the game changed when price: Broke the 200 SMA Blasted through the channel Punched RSI above 70 for the first time since May 2024 And did it with volume breakout Now, all eyes are on Wave 5 — projected to aim for: 1.0 extension: ₹3569 1.618 extension: ₹3812 Can we reach a new ATH above ₹4171? It’s possible — if this unfolds through nested 1-2-3s, we may be witnessing the start of a larger degree rally. Invalidation : Below ₹2706. If it breaks, the count may need a rework . For now? Wait until it retraces to launchpad.? Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:CUMMINSINDLong
by WaveXplorer
Elecon Engineering: Pre-Breakout Momentum Building!🚀 Elecon Engineering: Pre-Breakout Momentum Building! 🚀 📉 CMP: ₹716 🔒 Stop Loss: ₹652 🎯 Target: ₹952 🔍 Why It Looks Promising? ✅ Rounding Bottom Breakout: Strong breakout above ₹652 with a successful retest. ✅ Fresh Upside Move: Momentum picking up—on track to challenge all-time highs. 💡 Strategy & Risk Management 📈 Staggered Entry: Accumulate gradually near support to manage risk effectively. 🔒 Strict SL: Maintain a disciplined stop loss at ₹652 to protect capital. 📍 Outlook: Elecon is well-positioned for a fresh rally with strong technical structure and volume support. 📉 Disclaimer: Not SEBI-registered. Please conduct your own research or consult a financial advisor before investing. #EleconEngineering #BreakoutStocks #TechnicalAnalysis #RoundingBottom #SwingTrading #StockMarketIndia #InvestSmart
NSE:ELECONLong
by satyam15
CDSL – Rounding Bottom Breakout After DowntrendSummary CDSL has broken out of a multi-month rounding bottom formation, reclaiming the key resistance level near ₹1396 with a wide-range candle and strong volume. This move may signal the start of a trend reversal after a prolonged downtrend. If the breakout sustains, the projected target based on the depth of the base is around ₹1609 — approximately 24.5% upside from current levels. Technical Highlights Pattern: Rounding bottom (not a classic cup since no prior uptrend) Breakout Level: ₹1396 Target: ₹1609 (based on breakout projection) RSI: Rising to 66+, showing strengthening momentum Volume: Highest in weeks, suggesting accumulation Strategy Entry: On breakout or retest of ₹1396 Target: ₹1600–1610 Stop: Below ₹1385 Disclaimer This analysis is for informational and educational purposes only and should not be considered financial advice. Please conduct your own research and consult a qualified financial advisor before making any investment decisions.
NSE:CDSLLong
by eggubonda
BSE Ltd – Completion of a 5-Wave ImpulseBSE Ltd appears to have completed a five-wave impulsive advance following a prior flat correction. Wave 5 has reached the 1.618 Fibonacci extension of Wave 1 and touched the upper boundary of a well-defined ascending channel — suggesting a potential short-term top. If a correction unfolds from here, it may take the form of a zigzag or a flat. Key Fibonacci retracement levels to watch: Target 1: 2,159 – 0.382 retracement Target 2: 1,981 – 0.5 retracement Target 3: 1,803 – 0.618 retracement The invalidation level for this setup is around 2,736.20 . A sustained move above this would indicate that the uptrend may still be in progress. Price action in the coming sessions will be key to confirming the next direction. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:BSEShort
by WaveXplorer