🧬 SYNCOM Can Wave (III) Push It to ₹47+?
SYNCOMF appears to be developing an interesting Elliott Wave structure on the weekly chart. The advance from 4.60 to 27.90 can be interpreted as a five-wave impulse, potentially completing a larger Wave (I). Price then corrected from 27.90 to 10.21, with the decline appearing to form an A-B-C corrective structure that may have completed Wave (II) at 10.21. Since that low, price has rebounded strongly and is now trading around 24.94. If 10.21 is indeed the end of Wave (II), the current advance could be the beginning of a larger Wave (III). A sustained break above 27.90 would provide stronger confirmation that this bullish Wave (III) scenario is unfolding.
Projected Reference Levels/TP: 28 → 33 → 47+
Structural Invalidation: 10.21
The above interpretation remains contingent upon subsequent price development and should be regarded as a conditional wave-count scenario rather than a deterministic projection.
💬 What do you think about the Wave 3 setup for NSE Syncom? Share your view below.
SYNCOMF appears to be developing an interesting Elliott Wave structure on the weekly chart. The advance from 4.60 to 27.90 can be interpreted as a five-wave impulse, potentially completing a larger Wave (I). Price then corrected from 27.90 to 10.21, with the decline appearing to form an A-B-C corrective structure that may have completed Wave (II) at 10.21. Since that low, price has rebounded strongly and is now trading around 24.94. If 10.21 is indeed the end of Wave (II), the current advance could be the beginning of a larger Wave (III). A sustained break above 27.90 would provide stronger confirmation that this bullish Wave (III) scenario is unfolding.Projected Reference Levels/TP: 28 → 33 → 47+
Structural Invalidation: 10.21
The above interpretation remains contingent upon subsequent price development and should be regarded as a conditional wave-count scenario rather than a deterministic projection.
💬 What do you think about the Wave 3 setup for NSE Syncom? Share your view below.
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