Major Trend Breakdown After Long-Term Impulse – High Volatility Zone Ahead

Technical + Fundamental View (Weekly Timeframe): From an Elliott Wave perspective, the stock completed a strong multi-year impulsive Wave 1–3 advance, followed by an extended volatility-driven correction. The recent structure suggests price is now unfolding a larger degree corrective Wave C, as evidenced by persistent lower highs and failure to reclaim prior distribution zones. Momentum confirms structural weakness. MACD has been in a sustained bearish regime, with no meaningful bullish divergence visible on recent swing lows. This indicates that downside momentum is still dominant and any short-term bounce is likely corrective rather than trend-reversing. On the price–volume axis, the stock has decisively broken below a key anchored VWAP drawn from the major accumulation phase. This AVWAP level, which earlier acted as a strong demand zone, has now turned into overhead resistance, signaling that institutional support at higher levels has weakened. Acceptance below this level increases the probability of a move toward deeper mean-reversion zones. The broader structure now opens room toward lower historical demand zones, where prior long-term accumulation took place. Until price stabilizes near those zones with improving momentum and structure, downside risk remains elevated. Fundamental Context: From a business standpoint, the company continues to operate in strategically critical sectors with long-term growth visibility. Key positives include: Scale-driven growth across diversified infrastructure segments Revenue expansion backed by asset monetization and capacity build-up Long-term alignment with national infrastructure and energy transition themes