## 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.
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.
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.