Research Report – NSE ADANIPORTS & INDHOTEL

NSE ADANIPORTS: The Last Climb Begins

Timeframe: Weekly

In our previous article, we had outlined the developing impulsive wave cycle, highlighting that the price had completed wave iii of wave (iii). As anticipated, the market entered a corrective phase, unfolding into wave iv of wave (iii). Within this corrective structure, we expected a wave c decline to complete the flat or zigzag correction of wave iv.

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As of now, the price appears to have successfully completed wave c of wave iv of wave (iii), finding support near the 0.382 Fibonacci retracement level at 1,323.45. This aligns well with the projected correction zone we had earlier mapped out. With this correction potentially behind us, the setup suggests the final subwave v of wave (iii) is likely underway, paving the path for a potential breakout towards the 1.618 Fibonacci extension target at 1,571 and possibly stretching to 1,605.

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NSE INDHOTEL: Wave 4 Triangle Poised for Breakout

Timeframe: Daily
After reaching a high of 894.9, INDHOTEL has initiated a corrective formation, which can be identified as a contracting triangle of wave (4). The price has just broken out 20/50/100/200 EMA band. IHCL’s ATR of 14.33 shows moderate volatility, but a low ADX of 11.38 means the trend is weak until a breakout above 777 sparks Wave (5) toward 850–895.

According to Elliott Wave guidelines, Wave (5) can only be confirmed after a breakout above the Wave D high at 786.9. If the price breaks and sustains above 786.9, traders can aim for targets of 820 – 850 – 885+. This bullish setup remains valid until the price breaks below Wave E at 724.75. 

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