Hidden in Plain Sight – This PIDILITE Setup Screams Opportunity!

📊 PIDILITE – Post 5-Wave Fall, ABC Recovery In Progress
Golden Fib confluence + strong structure = high-confidence swing setup

Wave structure aligns with ideal retracements; Wave C potential unfolding with swing targets ahead.

🧩 Elliott Wave Breakdown:

1. [] Complete 5-wave decline from swing highs → Wave 5 bottom confirmed
   [] Wave A completed at extended fib zone (113%–127% of wave a)
   [] Wave B retraced to Golden Zone: 50%–78.6% of Wave A
   [] Wave C now progressing toward swing target zone
   

🔍 Technical Confluences:

• [] Wave A Completion: ₹3130–₹3180 (113–127% extension)
  [] Wave B Golden Zone: ₹2735–₹2921
  [] Strong bullish rejection and follow-through from Wave B lows
  [] CHoCH break confirms trend reversal from Wave 5 low
  

🎯 Target Zone for Wave C:

• [] Primary Swing Target: ₹3433–₹3491
  [] FNO Upside Level: ₹3298
  

🛑 Stop-Loss Levels:

• [] Intraday SL: Hourly close below ₹2921.80
  [] Positional SL: Day close below ₹2735.60
  

📈 Setup Summary:

• [] Clear ABC corrective recovery in play
  [] Ideal Fib alignment at both Wave A and B
  [] Structure favors low-risk, high-reward long opportunity
  [] Entry near ₹3070–3080 offers excellent positioning
  

A technically sound swing setup with defined structure and reward zones – great candidate for Wave C riders.

#Pidilite #ElliottWave #SwingSetup #WaveTheory #Nifty200 #TradingViewIndia