3MINDIA is Preparing for a Skyrocket
Timeframe: 4h
3M India Ltd has completed a major corrective phase, marked by the (A)-(B)-(C) pattern, signaling the end of a prolonged downtrend. This correction began after the stock peaked at 40,856.50 (Wave B) and ended at 25,718.15 (Wave C), forming a typical zigzag correction. Within this move, Wave A unfolded as a complex W-X-Y structure, highlighting the depth of the decline. The final Wave C dropped in a clear five-wave pattern, which often indicates the end of a corrective cycle. With this structure now complete, the stock appears to be setting up for a potential bullish trend reversal.
NSE NIFTY Outlook – Price Action Breakdown
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Really clear structure and great insight.