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5 Waves Up

 
India

An Elliott Wave impulse is a trend move made of five waves: three advances (waves 1, 3 and 5) separated by two pullbacks (waves 2 and 4). This screen lists stocks on the Bombay Stock Exchange that have completed a 5-wave up impulse over the last 128 bars, with wave 5 ending within the last 7 bars and still the highest close since wave 4. The count follows the core Elliott rules on closing prices: wave 2 never falls below the start of wave 1, wave 4 stays above the top of wave 1, wave 3 is not the shortest of the three advancing waves, and wave 5 ends above wave 3. Wave 1 must start from at least a 64-bar low, swing points are confirmed by 7 bars on each side, and charts with a gap of more than 20% are skipped. A completed fifth wave often marks the late stage of a trend, so traders watch for an A-B-C correction next. Because these signals are rare, the list includes all stocks on the Bombay Stock Exchange, with no price or liquidity filter.

Screening formula:
exch(bse) and type(stock) and elliott_5up(7, 128, 7)
 
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Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume
 AAREYDRUGS.BO 
Aarey Drugs & Pharmaceuticals Ltd
Drug Manufacturers - Specialty & Generic
Healthcare
BSE
Micro
 3,342.02  104.75  2.7 2.65 9,648
 AVADHSUGAR.BO 
Avadh Sugar & Energy Ltd
Confectioners
Consumer Defensive
BSE
Small
 18,701  941.45  -1.85 -0.2 4,455
 MODAIRY.BO 
Modern Dairies Ltd
Packaged Foods
Consumer Defensive
BSE
Micro
 1,638.13  51.32  -1.44 -2.73 5,127
 SHELTER.BO 
Shelter Pharma Ltd
Drug Manufacturers - Specialty & Generic
Healthcare
BSE
Micro
 706.47  45.55  3.59 8.56 273,000
 SUDAI.BO 
Sudal Industries Ltd
Aluminum
Basic Materials
BSE
Micro
 431.7  51.59  -2.71 -4.99 1,891
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