TORNTPOWER – Wave C Rally Loading from Golden Fib Zone?

After a 5-wave fall and clean ABC correction, price is poised for a potential Wave C breakout.

Golden retracement zone held strong – is this the beginning of a bullish continuation toward ₹1825?

🧩 Elliott Wave Structure:

1. [] Full 5-wave impulse decline completed → Wave 5 bottom at ₹1195
   [] Sharp Wave A rally confirms initial trend reversal
   [] Wave B retraced to Golden Zone (50–78.6%) → ₹1399–1422[] Structure now favoring development of Wave C
   

📌 Key Confluences:

• [] Golden Zone Support: Price holding firm at ₹1399–1422
  [] CHoCH (Change of Character): Clear structure shift after Wave 5 bottom, confirming trend reversal
  [] Price action above CHoCH level = bullish intent[] Support + Fib + CHoCH = high-conviction reversal case
  

🎯 Targets:

• [] Wave C Completion Zone: ₹1778–1825
  [] Upside potential: ~28.5% from current levels
  

🛑 Stop-Loss & Risk Control:

• [] Stop-loss: Day close below ₹1301
  [] Risk:Reward: 3.4+
  

📈 Summary:

• [] 5-wave decline + ABC setup = classic reversal blueprint
  [] CHoCH confirms structure flip from bearish to bullish
  
• Low-risk swing opportunity from high-probability zone
  

Wave C often delivers strong directional moves – and with CHoCH in place, the foundation looks ready!

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