MANAPPURAM FINANCE | 4H Chart | Elliott Wave AnalysisManappuram Finance LimitedNSE:MANAPPURAMkalai_with_waveThe current structure appears to be developing as an Elliott Wave impulse pattern. According to the present wave count: 🔹 Wave (3) appears to have completed around the 375–380 zone. 🔹 Price is currently undergoing a Wave (4) correction. 🔹 The highlighted 348–358 zone is an important support / potential Wave (4) completion area. 🔹 If Wave (4) completes within this zone and price resumes the upside, Wave (5) could develop toward the projected 425–426 zone. 🔹 The completion of Wave (5) would potentially complete the larger Wave ③. 🎯 Key Levels Wave (4) Support Zone: 348 – 358 Potential Upside Target: 425 – 426 Current Price: ~363.50 📊 Elliott Wave View My preferred count is: ①→ ② → ③ → ④ → ⑤ The current correction is being monitored as Wave (4). A successful bullish reversal from the highlighted support zone would strengthen the possibility of Wave (5) toward the projected target. However, if price breaks and sustains below the Wave (4) invalidation area, this wave count may need to be reconsidered. This is an Elliott Wave-based analysis and not a buy/sell recommendation. Price action should always be monitored for confirmation before taking any trade.