M&M path ahead using Advanced Elliott wave!

When we combining Advanced Elliott wave Theory along with price action, does it help us in forming powerful setups?

Neo wave is an advanced Elliott wave that provides forecasting ability. This ability helps to form powerful setups when used with simple price action.

New traders want to trade and capture every moves & on other hand seasoned ones know the real money lies in sitting tight and try to capture the best of the 3rd wave.

See the detailed research below on Mahindra and Mahindra Ltd 

Mahindra and Mahindra Hourly Chart
Advanced Elliott wave is the GPS of the market that helps to understand the overall maturity of the trend. We can see how M&M has been moving in sync with our counts. Post completion of wave i (blue) on the upside in May 2025. The entire correction has been in the form of wave ii which is further subdividing in nature. Wherein it looks to be in the form of a double complex correction pattern (w-x-y-x-z). As of now, a decisive break above 3170 levels is needed to confirm about the completion of wave ii on the downside. Post which, the rise will be in the form of wave iii which is considered to be the strongest wave as per the guidelines.

As wave iii(blue) can go up to 161.8% of wave i (blue) derives us the target of 3390 levels on the upside. On the downside, 2990 levels is the crucial support for the stock.

In nutshell, we can conclude by saying that when Price and Elliott wave are in sync it can lead to interesting results even in stocks. 

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