NSE Coal India & NTPC: Bullish Elliott Wave Structures Signal Further Upside

NSE Coal India: Bullish Impulsive Structure

Coal India is currently exhibiting a bullish impulsive structure on the 4-hour timeframe, suggesting that the stock may be in the early stages of Wave (3) of a broader Elliott Wave advance. As long as the price remains above ₹456, the prevailing structure favors further upside as Wave (3) continues to develop. Any short-term pullbacks are likely to represent sub-wave corrections within the broader impulsive advance.

Immediate Support: ₹456
Structure Risk Level: ₹436.7 – A break below this level may weaken the current bullish structure.

Target Prices: 515 – 582+

NSE NTPC: Wave (3) Extension in Progress

Methodological Note: Circled numeric labels displayed on the chart are used solely for visual identification of the primary Elliott Wave sequence. These markings correspond to the higher-degree impulse structure and should be interpreted as waves (1), (2), (3), etc., in the conventional Elliott Wave notation. The circled format has been adopted for graphical clarity within the chart layout and does not alter the underlying wave degree or analytical interpretation.