📈 CRISIL – Trendline Support Holding with Early Bullish Signals

🧩 Technical Structure (Daily Chart) Elliott Wave View: The stock appears to have completed a Wave 4 corrective phase, finding support at a long-term rising trendline drawn from the April 2024 lows. The current bounce suggests the start of a potential Wave 5 rally. Trendline Support: The stock has tested and respected the ascending trendline around the ₹4,350–₹4,400 zone multiple times, confirming strong buyer interest. MACD: A bullish crossover is developing near the zero line, indicating early signs of momentum reversal. AVWAP Analysis: The anchored VWAP from the previous swing high (₹6,200) is now flattening near ₹4,500 — acting as a dynamic support for potential reversal. 🏦 Fundamental Strength CRISIL remains a high-quality business with strong fundamentals: ROCE above 40% and debt-free balance sheet. Consistent revenue growth driven by demand in credit rating, research, and analytics segments. Beneficiary of India’s credit expansion cycle and growing corporate debt market. Promoter group (S&P Global) ensures global expertise and credibility. 🎯 Key Levels Support Zone: ₹4,350–₹4,400 Immediate Resistance: ₹4,850–₹4,900 Targets: ₹5,200 and ₹5,600 (if momentum sustains) Stop-Loss (Positional): Below ₹4,300 on daily closing basis 💡 View CRISIL is showing early signs of reversal from long-term support with improving momentum. A breakout above ₹4,850 can confirm the next leg of the uptrend, potentially leading to a medium-term rally towards ₹5,600+. Positional investors can consider gradual accumulation near current levels with strict risk management.