🛰️ Data Patterns: Wave 3 Set to Launch? 🚀

📊 Technical Outlook (Elliott Wave + Fibonacci Based) Wave 1: ₹1,330 ➡ ₹4,419 Wave 2 retracement: perfect 0.618 zone retest (~₹2,200) Current price: forming a base above 21-EMA Likely preparing for Wave 3, target based on 1.618 extension = ₹6,328 🔍 Observations 📌 Higher low established at Wave 2 📈 Current consolidation is bullish continuation (tight candles, low volume) ⚡ Breakout above ₹3,239–₹3,400 = confirmation of Wave 3 🔁 Strong 0.786 retracement reaction = demand zone interest 🧮 Fundamentals Support This Setup Too Defence electronics — niche, high barrier business Strategic projects: IAF, ISRO, HAL, DRDO Growing revenue visibility with Make-in-India & Defense Capex Margin-rich model with consistent EBITDA growth 🎯 Trade Plan 🔓 Breakout buy above: ₹3,250–₹3,400 ⛔ SL: ₹2,800 (below 21-EMA & base support) 🎯 Targets: ₹4,400 (Wave 1 top), then ₹6,300+ (Wave 3 extension) 📆 Time Horizon: 3–6 months positional 🧠 Learning Nugget “Elliott Wave ke according sabse bada rally Wave 3 deta hai. Agar Wave 2 deep ho toh Wave 3 explosive ho sakta hai!”