Azad Engineering could Be Preparing for Its Next Explosive Move!

Combining Elliott Wave Theory, price action, Time Cycle and AK Indicator helps traders identify high-probability setups. Beginners chase small moves, while experienced traders focus on capturing the strongest part of the trend. By aligning wave structure with real-time price action, traders filter market noise and trade with greater confidence.

Azad Engineering Daily chart with Elliot Wave and Time Cycle

Analysis

• On the daily chart, Azad Engineering Ltd can be observed heading higher, particularly since beginning of March 2026, indicating strong bullishness in the stock.
• Since then, the stock has delivered a whopping gain of more than 125%, forming Higher High and Higher Low structure, which is a positive sign.

Elliott wave Analysis

• As per the wave perspective, prices completed its Primary Wave (2) in June 2026 near the 1960 level.
• Post which the stock has been trading in the form of Primary Wave (3), in which stock recently completed Intermediate wave 4 in September 2026.
• Now the rise is ongoing in the form of Intermediate wave 5 of (3) which looks to be extended.

AK Indicator

• The AK Indicator is a custom-built tool used to track trend maturity, momentum and trend strength.
• On the above chart, currently all three lines of the indicator are still on the upside at zero line.
• This suggests bullish momentum is likely to continue.

Time Cycle

• Time cycles are fractal in nature, meaning they can be applied effectively across multiple time frames.
• 20-period Time cycle has been performing exceptionally well on the daily chart, consistently identifying high-probability turning points.
• The most recent cycle was on 17^th September 2025 and prices made a short-term low exactly near the Time cycle window around 2550 levels and since then the stock has surged nearly 23% and closed above prior swing high near 3000 which has turned the cycle on the buy side.

Conclusion

• The combination of Elliot Wave structure, price action, Time Cycle and AK indicator suggests the trend is on upside.
• A decisive move above 3130 can extend this rally further to 3300 or higher.
• On the downside, 2825 remains a crucial support level to watch in the near term.

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