Hindalco Exit / Potential Wave 5 of primary degree completion
Weekly chart
Wave (III) of cycle degree has been in progress since Feb 2016.
Wave 1 (primary degree)/Wave (III) was completed in Jan 2018
Wave 2 (primary degree)/Wave (III) was completed in Mar 2020 (Zigzag)
Wave 3 (primary degree)/Wave (III) was completed in Mar 2022
Wave 3 formed at 2.414 X of Wave 1 (extended wave)
Wave 4 (primary degree)/Wave (III) was completed on 20 Jun 2022 (Zigzag)
Wave 5 (primary degree)/Wave (III) has been in progress since. The chart shows Wave 5 formation.
Details are provided in the chart.
It is highly likely that stock has completed sub-wave 5 /Wave 5 at 1x of sub Waves 1-3 (on weekly chart) on 27 Jan 2026.
The stock since has been forming an extended flat correction. Wave C of Flat in progress.
This may be a right opportunity to exit the stock.
PS : If the stock has really completed SW5/Wave 5 / Wave (III), then it is a major wave completion which has been happening for over a decade since Feb 2016 and hence stock may undergo a longer correction.
Trade active
View will be negated if stock moves above 1.414 (1,115 levels). 
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.