Multi-Signal Confirmation on RELIANCE INFRASTRUCTURE

is breaking out after a 5-year consolidation between ₹40 and ₹320. This structural move, supported by strong volumes, signals a major long-term trend reversal. Elliott Wave Structure The 2019–2024 base resembles Wave 2 (accumulation). The impulsive uptrend from 2020 marked Wave 3. The correction in 2024–25 found support at 0.236 Fib (~₹279), suggesting Wave 4 completion. Price now targets Wave 5 zones: • ₹370 (0.5 Fib) • ₹410 (0.618 Fib) • ₹542 (Wave 5 extension) AVWAP Confirmation Price is holding above the AVWAP from COVID lows – a sign of institutional accumulation and trend strength. AVWAP is now acting as dynamic support. Key Levels • Breakout Zone: ₹320 – Closing above this confirms structural breakout • Supports: ₹279 (Fib), ₹250 (AVWAP) • Targets: ₹370, ₹410, ₹542 A classic multi-signal setup combining structural, Fibonacci, and VWAP logic — with long-term upside potential.