This chart presents a conservative Elliott Wave view of Power Grid on the monthly timeframe.
Key points:
This is a structural pause, not a trend reversal.
📌 Educational / structure-based view. Not trading advice.
#POWERGRID #ElliottWave #ElliottWaveAnalysis #MarketStructure
#WaveFour #CorrectiveStructure #LongTermInvesting
#IndianStocks #ChartStudy #StructureBased
Key points:
- Secular uptrend remains intact within a rising channel
- Advance from 2009 fits an impulsive structure
- Wave (3) appears extended and completed near recent highs
- Current pullback is best viewed as a Probable Wave (4)
- Wave (4) is expected to be time-dominant, not price-destructive
- Internal trendlines may be breached temporarily
- Only an impulsive breakdown of the main channel would damage the bullish structure
This is a structural pause, not a trend reversal.
📌 Educational / structure-based view. Not trading advice.
#POWERGRID #ElliottWave #ElliottWaveAnalysis #MarketStructure
#WaveFour #CorrectiveStructure #LongTermInvesting
#IndianStocks #ChartStudy #StructureBased
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