POWERINDIA
▼ ShortStopped out1h · 19 May 2026
Entry
33,060.00
Stop loss
35,095.00
Target
30,607.55
Reward (R:R)
+1.21R
Closed at 35,185.00 · result −1.04R
The analysis
Hitachi Energy India is showing a bearish setup from 33,060, with downside projection toward 30,607.55. The key invalidation level is 35,095, where the setup would lose its bearish structure. As long as price stays below 35,095, the chart favours a pullback toward the 30,607.55 support/projection area.
In Elliott Wave terms, the chart marks an A-wave decline followed by a B-wave recovery, with the next expected leg being wave C lower. The projected C-wave target is 30,607.55, while a move above 35,095 would invalidate this count.
Wave count: A-B-C