🚄 Elliott Wave 2 Completion on Rail Sector Leader – Next Leg Ahead?

📊 Technical + Fundamental Analysis (JWL | Weekly Timeframe) 🌀 Elliott Wave Structure: The chart clearly shows a completed 5-wave impulse rally into mid-2024, followed by a deep corrective Wave (2). Current price action suggests Wave (2) has bottomed and a new bullish Wave (3) is initiating, potentially targeting ₹1,200+. 🔄 Support from AVWAP: Price respected AVWAP from major swing low, signaling institutional interest near ₹300. Holding above this anchored level shows accumulation phase may be complete. 🧠 Fundamental Momentum: JWL is riding the tailwind of railway modernization and wagon demand boom. Strong YoY growth in order book and earnings. Backed by government push for infrastructure and Make-in-India initiatives. High ROCE and improving EBITDA margins underscore sustainable profitability. 🧠 Summary: JWL appears to have completed Wave (2) correction, backed by: Reversal from AVWAP-based demand zone Clear Elliott structure suggesting bullish continuation Solid fundamental backing with strong growth outlook in India’s logistics sector Breakout Zone: ₹430–₹450 Next Targets: ₹700, ₹1,200 Invalidation: Weekly close below ₹300