Dynamatech Has Given a Clean Wave Map to the ₹11,300 Zone

Dynamatic Technologies has already completed its big A-B-C correction, meaning the downtrend is over. After this, the stock started a fresh upward Elliott Wave cycle, and waves (i), (ii), and (iii) are already complete. This confirms that the stock has entered a new bullish phase.

Right now, the price is moving inside wave (iv), which is a normal and healthy pullback. This corrective move is shallow and smooth, showing that buyers are still in control. The important support for this pullback sits near 9,082, where the chart also shows a Fibonacci level. Once wave (iv) ends, the chart suggests a strong rise toward wave (v).

Wave (v) usually extends upward, and based on Fibonacci projections, the next major target is around 11,300. This level is marked by the 1.618 extension, a common ending point for final impulse waves.

Overall, the stock structure looks bullish and clean. The trendline breakout and wave count both suggest the next move is upward. If the price holds above 9,082, the chances of reaching the 11,300 wave (v) target remain strong.

Stay Tuned! :)
Money_Dictators