📈 Wave 5 Loading? Multi-Signal Confirmation on Fundamentally Strong Stock!

📊 Elliott Wave Analysis Clear impulse structure visible: Wave (1) to (3) shows a classic impulsive move Wave (4) correction formed a symmetrical triangle/consolidation on weekly Wave (5) projection likely initiating from the 600–650 zone 🔁 MACD Bullish Divergence MACD showed lower lows, while price stayed flat → hidden bullish divergence Now showing a bullish crossover with signal line near zero — ideal for early accumulation signals 📍 AVWAP (Volume-Weighted Anchor) Price has taken multiple support bounces from AVWAP anchored at Wave 2 base Current weekly close above AVWAP signals demand absorption and strength near ₹675–₹700 📈 Fundamentals Snapshot (2024–25) ROCE > 20%, indicating strong capital efficiency Consistent EPS growth over 3 years Debt-free with increasing promoter holding Sector tailwinds from infra & oil pipeline expansion 🔔 Conclusion: A perfect multi-signal candidate combining technical pattern strength + fundamental robustness. Watch for breakout above ₹750–₹770 for confirmation of Wave (5) in motion.