⚡ HBL Engineering – Entering Wave (3)? ⚙️

After a classic 5-wave impulse to ₹1,134, HBL Engineering seems to have completed a textbook Wave (2) correction — and now the stage looks set for a powerful Wave (3) expansion. 📊 Technical Highlights: ✅ Wave (2) retraced neatly to 0.618 Fib zone at ₹572 — a golden support 📈 MACD bullish crossover from below the zero line — a historically powerful signal 🟢 Reclaiming previous structure around ₹600+ with strong volume 📐 Price projected to 1.618 Fib extension = ₹1,587.90, with Wave (3) targets beyond 🧠 Interpretation: This is Elliott Wave + Fibonacci confluence at work — and when the MACD aligns with price structure breakout, it often fuels powerful directional moves. ⚙️ Why HBL Matters: Core beneficiary of India’s defense, railways, and power infra capex Focused on indigenous tech for electronics and batteries High RoCE + strong order book + emerging EV vertical 💬 “Wave 3 is where the magic happens — and HBL looks like it just picked up the wand.”