🚀 Elliott Wave 3 Setup on a Fundamentally Strong Stock!

Technical Snapshot: Elliott Wave Count: Wave 2 correction completed near ₹1,305.55 (close to 200-week MA). Price now building momentum for Wave 3, with a target around ₹2,322 (+30.42%). MACD: Bullish crossover observed on the weekly chart, indicating positive momentum. AVWAP: Current price holding firmly above the anchored VWAP from Wave 1 top, acting as a strong dynamic support (~₹1,834 zone). Chart Pattern: Bullish flag formation in progress, signaling potential continuation of the uptrend. Fundamental Strength: ROCE: Strong return on capital employed, reflecting efficient use of capital. Earnings: Consistent profit growth over the past few years, backed by robust order book. Debt: Low debt-to-equity ratio, ensuring financial stability. 📌 Learning Note: When technical structure (Elliott Wave + MACD + AVWAP) aligns with solid fundamentals, the probability of a successful breakout increases significantly. This is the type of setup long-term swing traders look for.