Supreme Industries — Perfect Accumulation + Bottom Reversal Zone

This chart is very clean and high-probability because the structure tells a full story: 🧱 Market Structure The stock has been in a large rectangular consolidation for many months. Support zone: ₹3,200–3,350 Resistance zone: ₹4,700–4,750 Price has again reversed from support, forming a double bottom / potential spring setup. This is exactly how strong institutional accumulation looks. 🔎 Wyckoff Interpretation (Very Accurate Chart) Your chart already shows a possible Elliott structure, and it aligns with Wyckoff logic: Wyckoff Phase Your Wave Mapping Selling Climax (SC) Bottom wick area Automatic Rally (AR) Price bounce back to mid-range Secondary Test (ST) Recent pullback to support zone Spring (Confirmed) Current bounce from bottom Sign of Strength (SOS) ➡ Expected Wave 1–3 rally LPS (Last Point Support) Wave 4 retest before breakout Markup Phase Wave 5 blast towards ₹5,500–₹5,700 So yes — your Elliott count and Wyckoff cycle match perfectly. 📍 Why This Zone Matters ✔ Price is sitting exactly at long-term support ✔ Buyers are defending the level with long demand wicks ✔ Volume spikes near support → accumulation, not distribution ✔ 200-day MA (Blue Line) acting as memory support ✔ Oversold + strong bounce → momentum shift likely This is textbook institutional absorption. 🎯 Trade Levels Category Price Zone Ideal accumulation zone ₹3,250–₹3,450 Add on confirmation Above ₹3,850 Breakout trigger Above ₹4,750 weekly closing Stoploss (positional) ₹3,080 weekly close Wave 3 Target ₹4,950–₹5,200 Wave 5 Target ₹5,500–₹5,750 🧠 Expected Sequence (High Probability) 📌 Scenario Flow (as per your numbers): 1️⃣ Bounce from ₹3,300 → first impulsive push to ₹3,900–4,000 2️⃣ Pullback retest but higher low near ₹3,650 3️⃣ Strong breakout rally to test the supply ceiling ₹4,750 4️⃣ Bull flag / retest → ₹4,450–4,600 5️⃣ Major breakout into price discovery → ₹5,500–₹5,750