## SONA BLW PRECISION FORGINGS (15-Min Chart)
### Current Price
**₹615**
---
## Elliott Wave Analysis
### Green Wave Count (Bullish Scenario)
| Wave | Price |
| ------ | ----------- |
| Wave 1 | ₹596 → ₹608 |
| Wave 2 | ₹608 → ₹596 |
| Wave 3 | ₹596 → ₹618 |
| Wave 4 | ₹618 → ₹607 |
| Wave 5 | In Progress |
The chart indicates that **Wave 4 correction has likely completed** and **Wave 5 has started**.
---
## Fibonacci Extension Targets
| Fibonacci Level | Target Price |
| --------------- | ------------ |
| 1.272 | ₹624.90 |
| 1.500 | ₹630.05 |
| 1.618 | ₹632.70 |
### Extended Bullish Targets
* ₹640
* ₹645
---
## Trading Bow Analysis
### Trend
✅ Price above Trading Bow
### EMA Structure
✅ EMAs are opening up and aligned
### Momentum
✅ Fresh breakout after consolidation
### Volume
✅ Volume expansion visible during breakout
---
## Key Levels
### Support Zones
* Immediate Support: ₹612
* Strong Support: ₹607
* Major Support: ₹596
### Resistance Zones
* ₹625
* ₹630
* ₹633
* ₹640
---
## Trading Plan
### Aggressive Entry
**Above ₹618.50**
Targets:
* ₹625
* ₹630
* ₹633
Stop Loss:
* ₹607
---
### Conservative Entry
Wait for pullback towards:
**₹611–613 Zone**
Enter only on bullish candle confirmation.
---
## Probability Assessment
| Scenario | Probability |
| ----------------------- | ----------- |
| Bullish (₹625–633) | 70% |
| Extended Rally (₹640+) | 25% |
| Bearish / Count Failure | 5% |
---
## Invalidity Levels
Wave count becomes weak if:
* Close below ₹607
Wave count invalid if:
* Close below ₹596
---
## Score Card
| Parameter | Score |
| ----------------- | ------ |
| Trend | 8.5/10 |
| Momentum | 8/10 |
| Volume | 7.5/10 |
| Elliott Structure | 8/10 |
| Risk-Reward | 7.5/10 |
### Overall Score
**8.0 / 10 – Bullish**
---
## Expected Path
**₹615 → ₹625 → ₹630 → ₹633**
If ₹618 breaks with strong volume:
**₹633 → ₹640 → ₹645** possible in the coming sessions.
### Current Price
**₹615**
---
## Elliott Wave Analysis
### Green Wave Count (Bullish Scenario)
| Wave | Price |
| ------ | ----------- |
| Wave 1 | ₹596 → ₹608 |
| Wave 2 | ₹608 → ₹596 |
| Wave 3 | ₹596 → ₹618 |
| Wave 4 | ₹618 → ₹607 |
| Wave 5 | In Progress |
The chart indicates that **Wave 4 correction has likely completed** and **Wave 5 has started**.
---
## Fibonacci Extension Targets
| Fibonacci Level | Target Price |
| --------------- | ------------ |
| 1.272 | ₹624.90 |
| 1.500 | ₹630.05 |
| 1.618 | ₹632.70 |
### Extended Bullish Targets
* ₹640
* ₹645
---
## Trading Bow Analysis
### Trend
✅ Price above Trading Bow
### EMA Structure
✅ EMAs are opening up and aligned
### Momentum
✅ Fresh breakout after consolidation
### Volume
✅ Volume expansion visible during breakout
---
## Key Levels
### Support Zones
* Immediate Support: ₹612
* Strong Support: ₹607
* Major Support: ₹596
### Resistance Zones
* ₹625
* ₹630
* ₹633
* ₹640
---
## Trading Plan
### Aggressive Entry
**Above ₹618.50**
Targets:
* ₹625
* ₹630
* ₹633
Stop Loss:
* ₹607
---
### Conservative Entry
Wait for pullback towards:
**₹611–613 Zone**
Enter only on bullish candle confirmation.
---
## Probability Assessment
| Scenario | Probability |
| ----------------------- | ----------- |
| Bullish (₹625–633) | 70% |
| Extended Rally (₹640+) | 25% |
| Bearish / Count Failure | 5% |
---
## Invalidity Levels
Wave count becomes weak if:
* Close below ₹607
Wave count invalid if:
* Close below ₹596
---
## Score Card
| Parameter | Score |
| ----------------- | ------ |
| Trend | 8.5/10 |
| Momentum | 8/10 |
| Volume | 7.5/10 |
| Elliott Structure | 8/10 |
| Risk-Reward | 7.5/10 |
### Overall Score
**8.0 / 10 – Bullish**
---
## Expected Path
**₹615 → ₹625 → ₹630 → ₹633**
If ₹618 breaks with strong volume:
**₹633 → ₹640 → ₹645** possible in the coming sessions.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.