EW - 3
Purpose: Find investable Indian stocks showing impulsive Elliott-Wave-like momentum (Wave 3, 3-of-1, 3-of-3, 5-of-3) or deep corrective Wave C, while excluding junk/microcaps and operator-prone names. Quality Guardrails: Market cap > ₹1,000 cr, not on SME board, Piotroski > 4, Altman Z > 2.5, Interest Coverage > 3, D/E < 1, ROCE > 12, positive 5Y sales & profit growth, promoter holding > 40%, no promoter selling (≥0 change), pledging < 10%, positive cash from operations (last year). Technical Logic: • Impulses: strong 3M & 1M returns, RSI > 55–65, price above DMA50/200, and 1-week volume > 1-year avg (1.5–3x) to mimic Wave 3/3-of-3/5-of-3 behavior. • Corrective Wave C: negative 3M & 1M returns, RSI < 40, price below DMA50/200, capitulation volume, and >30% down from 52-week high. Notes: This is a high-quality pre-filter. Always do final checks on liquidity, delivery spikes, results/announcements, and chart structure before entries. Tweak return/RSI/volume thresholds to tighten or widen the list.
by Ajay
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | Is not SME | Piotski Scr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Timex Group | 455.95 | 58.07 | 4602.82 | 0.00 | 27.34 | 212.12 | 235.20 | 73.69 | 92.77 | 1 | 8.00 |
| 2. | Inox India | 1848.80 | 64.50 | 16780.36 | 0.11 | 75.24 | 11.19 | 460.65 | 24.70 | 33.48 | 1 | 6.00 |
| 3. | Cemindia Project | 1175.30 | 34.31 | 20190.19 | 0.26 | 242.17 | 113.63 | 2973.49 | 17.42 | 32.76 | 1 | 8.00 |
| 4. | Apar Inds. | 14551.00 | 58.39 | 58457.53 | 0.35 | 253.44 | 3.66 | 6602.81 | 26.74 | 31.12 | 1 | 6.00 |
| 5. | Raghav Product. | 1155.60 | 99.81 | 5306.74 | 0.09 | 15.16 | 49.65 | 70.56 | 39.31 | 30.30 | 1 | 7.00 |
| 6. | SKM Egg Prod. | 228.53 | 11.60 | 1203.44 | 0.33 | 32.79 | 414.65 | 186.65 | 58.93 | 30.00 | 1 | 8.00 |
| 7. | Silver Touch | 189.37 | 67.21 | 2401.40 | 0.03 | 13.22 | 43.54 | 100.53 | 17.35 | 28.93 | 1 | 8.00 |
| 8. | Blue Jet Health | 498.45 | 34.89 | 8646.38 | 0.24 | 64.34 | -41.56 | 234.67 | -31.07 | 26.50 | 1 | 6.00 |
| 9. | Saint-Gob. Sekur | 122.25 | 24.32 | 1113.82 | 2.04 | 13.11 | 31.10 | 66.20 | 22.89 | 26.06 | 1 | 8.00 |
| 10. | KMC Speciality | 119.95 | 41.87 | 1956.38 | 0.00 | 14.63 | 223.67 | 82.25 | 34.99 | 26.04 | 1 | 9.00 |
| 11. | Thangamayil Jew. | 5415.40 | 47.63 | 16832.16 | 0.33 | 142.66 | 354.33 | 2839.17 | 105.63 | 25.49 | 1 | 7.00 |
| 12. | Mayur Uniquoters | 793.10 | 17.97 | 3446.23 | 0.63 | 59.43 | 43.20 | 273.35 | 9.10 | 24.74 | 1 | 8.00 |
| 13. | Caplin Point Lab | 2331.00 | 27.63 | 17718.33 | 0.26 | 172.88 | 19.32 | 600.16 | 19.45 | 24.63 | 1 | 7.00 |
| 14. | Kwality Pharma | 2362.40 | 36.06 | 2451.27 | 0.00 | 25.31 | 74.60 | 157.11 | 35.81 | 24.25 | 1 | 8.00 |
| 15. | Vadilal Inds. | 5940.90 | 27.54 | 4271.51 | 0.35 | 54.86 | 149.36 | 415.83 | 51.21 | 22.23 | 1 | 6.00 |
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | Is not SME | Piotski Scr |
| 16. | Venus Remedies | 1715.10 | 22.30 | 2292.57 | 0.00 | 47.50 | 126.19 | 259.40 | 33.05 | 21.67 | 1 | 8.00 |
| 17. | Sunshield Chem. | 1218.05 | 36.19 | 1071.26 | 0.25 | 10.66 | 85.71 | 109.67 | -0.58 | 19.90 | 1 | 7.00 |
| 18. | Ramco Systems | 549.80 | 34.41 | 2066.37 | 0.00 | 25.17 | 371.75 | 185.36 | 19.39 | 19.33 | 1 | 8.00 |
| 19. | Marksans Pharma | 249.83 | 27.09 | 11321.39 | 0.32 | 149.03 | 63.59 | 856.11 | 20.84 | 18.84 | 1 | 8.00 |
| 20. | Carysil | 1163.80 | 33.42 | 3310.15 | 0.21 | 27.38 | 45.86 | 233.72 | 14.47 | 17.77 | 1 | 6.00 |
| 21. | Filatex India | 49.14 | 11.87 | 2182.10 | 0.51 | 40.25 | -2.73 | 985.49 | -8.75 | 16.97 | 1 | 7.00 |
| 22. | Paras Defence | 989.10 | 92.74 | 7970.89 | 0.03 | 38.88 | 64.34 | 171.31 | 58.28 | 16.90 | 1 | 7.00 |
| 23. | Jay Bharat Maru. | 131.51 | 10.33 | 1423.60 | 0.53 | 78.86 | 302.35 | 766.01 | 25.44 | 16.44 | 1 | 8.00 |
| 24. | Diffusion Eng | 362.40 | 26.67 | 1356.33 | 0.41 | 15.97 | 22.81 | 141.57 | 38.08 | 16.42 | 1 | 6.00 |
| 25. | Gland Pharma | 2306.50 | 36.44 | 38047.95 | 0.78 | 366.68 | 96.57 | 1742.79 | 22.31 | 15.14 | 1 | 8.00 |