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. | Ingersoll-Rand | 4417.70 | 50.37 | 13945.80 | 1.81 | 71.89 | 15.75 | 455.48 | 19.39 | 60.02 | 1 | 7.00 |
| 2. | Emmvee Photovol. | 262.40 | 16.80 | 18167.13 | 0.00 | 392.38 | 89.43 | 1738.81 | 62.25 | 44.83 | 1 | 7.00 |
| 3. | Inox India | 1457.00 | 52.29 | 13224.24 | 0.14 | 60.70 | 26.34 | 428.56 | 28.45 | 37.98 | 1 | 5.00 |
| 4. | C P C L | 1128.35 | 5.42 | 16802.42 | 0.71 | 1421.85 | 202.57 | 16817.32 | -2.50 | 35.11 | 1 | 8.00 |
| 5. | Cemindia Project | 815.25 | 23.43 | 14004.98 | 0.25 | 242.17 | 113.63 | 2973.49 | 17.42 | 33.83 | 1 | 8.00 |
| 6. | Indian Metals | 1502.60 | 22.01 | 8107.14 | 1.33 | 131.46 | 40.69 | 702.83 | 9.27 | 21.29 | 1 | 5.00 |
| 7. | Welspun Corp | 1266.75 | 21.53 | 33415.68 | 0.39 | 456.36 | -32.91 | 4532.48 | 25.43 | 21.24 | 1 | 6.00 |
| 8. | Talbros Auto. | 332.65 | 20.72 | 2053.39 | 0.21 | 27.20 | 14.19 | 213.59 | 6.02 | 19.31 | 1 | 8.00 |
| 9. | Kennametal India | 2725.00 | 53.71 | 5989.07 | 1.47 | 24.40 | 9.91 | 334.00 | 16.38 | 17.55 | 1 | 6.00 |
| 10. | Pitti Engg. | 977.70 | 28.91 | 3681.39 | 0.15 | 28.22 | -1.88 | 477.42 | 15.05 | 17.05 | 1 | 5.00 |
| 11. | Shaily Engineer. | 2532.60 | 81.86 | 11638.59 | 0.08 | 35.64 | 96.47 | 236.42 | 26.90 | 16.97 | 1 | 8.00 |
| 12. | Torrent Power | 1736.00 | 27.70 | 87477.66 | 1.09 | 654.74 | 35.20 | 6777.87 | 4.28 | 15.95 | 1 | 7.00 |
| 13. | Adani Total Gas | 634.70 | 109.60 | 69804.95 | 0.04 | 155.84 | 4.32 | 1548.58 | 15.92 | 15.16 | 1 | 6.00 |
| 14. | Sportking India | 147.48 | 15.23 | 1874.06 | 0.68 | 24.60 | 32.97 | 645.89 | 5.93 | 12.04 | 1 | 9.00 |