SONACOMSSona BLW Precision Forgings Ltd.NSE:SONACOMSshiva560060## SONA BLW PRECISION FORGINGS (15-Min Chart) ### Current Price **₹615** --- ## Elliott Wave Analysis ### Green Wave Count (Bullish Scenario) | Wave | Price | | ------ | ----------- | | Wave 1 | ₹596 → ₹608 | | Wave 2 | ₹608 → ₹596 | | Wave 3 | ₹596 → ₹618 | | Wave 4 | ₹618 → ₹607 | | Wave 5 | In Progress | The chart indicates that **Wave 4 correction has likely completed** and **Wave 5 has started**. --- ## Fibonacci Extension Targets | Fibonacci Level | Target Price | | --------------- | ------------ | | 1.272 | ₹624.90 | | 1.500 | ₹630.05 | | 1.618 | ₹632.70 | ### Extended Bullish Targets * ₹640 * ₹645 --- ## Trading Bow Analysis ### Trend ✅ Price above Trading Bow ### EMA Structure ✅ EMAs are opening up and aligned ### Momentum ✅ Fresh breakout after consolidation ### Volume ✅ Volume expansion visible during breakout --- ## Key Levels ### Support Zones * Immediate Support: ₹612 * Strong Support: ₹607 * Major Support: ₹596 ### Resistance Zones * ₹625 * ₹630 * ₹633 * ₹640 --- ## Trading Plan ### Aggressive Entry **Above ₹618.50** Targets: * ₹625 * ₹630 * ₹633 Stop Loss: * ₹607 --- ### Conservative Entry Wait for pullback towards: **₹611–613 Zone** Enter only on bullish candle confirmation. --- ## Probability Assessment | Scenario | Probability | | ----------------------- | ----------- | | Bullish (₹625–633) | 70% | | Extended Rally (₹640+) | 25% | | Bearish / Count Failure | 5% | --- ## Invalidity Levels Wave count becomes weak if: * Close below ₹607 Wave count invalid if: * Close below ₹596 --- ## Score Card | Parameter | Score | | ----------------- | ------ | | Trend | 8.5/10 | | Momentum | 8/10 | | Volume | 7.5/10 | | Elliott Structure | 8/10 | | Risk-Reward | 7.5/10 | ### Overall Score **8.0 / 10 – Bullish** --- ## Expected Path **₹615 → ₹625 → ₹630 → ₹633** If ₹618 breaks with strong volume: **₹633 → ₹640 → ₹645** possible in the coming sessions.