"Multi-Signal Breakout Setup in Strides Pharma 🚀"

📊 Technical & Fundamental Breakdown 1️⃣ Elliott Wave Structure: The stock appears to be in Wave 3 of a larger 5-wave cycle, with strong momentum after completing a Wave 2 corrective phase earlier this year. Current bullish candle suggests the possible beginning of sub-wave 3 within this larger Wave 3 — often the most powerful leg. 2️⃣ MACD Divergence: On the weekly chart, MACD histogram shows a bullish divergence — price made a higher low while MACD momentum also turned positive, signaling a potential continuation rally. 3️⃣ AVWAP Support: The Anchored VWAP from the last major swing low (~₹500) is acting as a dynamic support, with price bouncing strongly from that zone. This confluence makes the ₹780–₹800 range a key support level. 4️⃣ Fundamental Strength: ROCE consistently above 15%, indicating efficient capital use. Revenue & profit growth trending positively in recent quarters, supported by robust export demand in the pharma sector. 📈 Learning Takeaway When Elliott Wave, MACD divergence, and AVWAP support align on a fundamentally strong stock, the probability of a strong up-move increases significantly.