BIRLAMONEY – Wave C Rally Loading?

🧠 Chart Context & Wave Structure

The chart displays a classic Elliott Wave corrective setup after a strong impulsive rally (Wave A).
Following the impulsive move, price entered a multi-stage correction, forming a clear (a-b-c) structure within Wave B.

Key Observations:

📈 Character Change in Price Action (ChoCH) signaled the initial shift from bearish to bullish structure.

Wave A marked a strong impulsive leg confirming bullish sentiment.

The ongoing Wave B correction is now nearing completion within the 50%-78% Fibonacci retracement zone of Wave A.

The Intermediate correction (ABC) seems to be completing between ₹152 – ₹157, aligning with strong confluence support.

📚 Educational Insights

1️⃣ Character Change in Price Action (ChoCH):
Marks the structural shift from lower highs/lows to higher highs/lows — the first clue of trend reversal.

2️⃣ Fibonacci Retracement Principle:
Most corrective waves retrace 50%–78.6% of the prior impulsive leg.
This “Golden Pocket” zone often acts as a high-probability reversal area where smart money accumulates.

3️⃣ Wave Structure Psychology:

Wave A: Impulsive rally driven by renewed optimism.

Wave B: Corrective pullback – often mistaken as a bearish reversal.

Wave C: Next impulsive leg resuming the primary uptrend; often equals or exceeds Wave A in magnitude.

🎯 Price Projection & Prediction

Wave B completion zone: ₹152 – ₹157 ✅

Wave C potential target zone: ₹222 – ₹230 🎯

Invalidation / Stop-Loss zone: Below ₹148 (Closing basis) 🚫

If price sustains above ₹157 and breaks ₹171.89, it strengthens the bullish probability for Wave C extension.

💡 Trading Strategy (Educational Purpose Only)

1️⃣ Entry Plan:

Watch for bullish reversal patterns (Hammer, Bullish Engulfing, or Double Bottom) near ₹152–₹157.

Aggressive Entry: Partial accumulation in this zone.

Conservative Entry: Wait for breakout confirmation above ₹165–₹171.89 zone.

2️⃣ Targets:

🎯 Target 1: ₹190 (Intermediate resistance)

🎯 Target 2: ₹222 – ₹230 (Wave C completion zone)

3️⃣ Stop-Loss:

Keep Closing basis SL below ₹148, as a break below it invalidates the current corrective completion structure.

⚖️ Risk Management Tips

Risk only 1–2% of your total trading capital per trade.

Avoid aggressive averaging during corrections.

For options traders — enter directional positions only after structure confirmation.

Combine structure + volume confirmation for high-probability setups.

Remember: Elliott Waves show probability, not certainty.

🧩 Summary & Conclusion

Aditya Birla Money appears to be completing its intermediate corrective Wave (ABC) within the ₹152–₹157 zone — a strong support confluence area.
If the structure holds, a potential impulsive Wave C rally could unfold toward ₹222–₹230 in the coming weeks.
Patience and confirmation will be key before entering this potential move.

⚠️ Disclaimer

I am not a SEBI-registered analyst.
This analysis is purely for educational and informational purposes only and should not be taken as investment advice.
Please consult your financial advisor before making any trading decisions.