♻️ GRAVITA – Wave 5 Ready to Launch After Textbook Elliott Wave Setup!

Gravita India is showing a classic Elliott Wave structure with Wave 4 correction now complete. The stock looks poised for a Wave 5 breakout — a powerful trend continuation move often driven by strong fundamentals and renewed momentum. 📊 Technical Highlights ✅ Wave 1 to 3 showed steep impulsive rise ✅ Wave 4 found support near the 200 EMA – a common retracement zone ✅ Strong support seen near ₹1,460–1,470 zone ✅ Breakout zone above ₹1,900 opens the path toward ₹3,000+ 🔎 Multi-Signal Confluence 🔵 Elliott Wave structure: Wave 4 completed, Wave 5 launching 📉 MACD nearing bullish crossover 🟣 AVWAP from Wave 2 acting as support 📈 Tight consolidation = base building before breakout 🧪 Fundamentals ♻️ Leader in lead recycling with strong global export base 💰 ROCE consistently above 20% 📈 Revenue and PAT CAGR > 25% over the last 3 years 🧾 Asset-light model with high EBITDA margins 🌱 Expansion into aluminum and plastics recycling driving future growth 🎯 Entry Plan Entry: ₹1,860–1,880 Target: ₹2,750–3,000 (Wave 5 projection) Stop-loss: ₹1,650 (below EMA and AVWAP cluster)