CCL Products (India) Limited has been in an upward Elliott Wave pattern on the monthly chart since forming a cycle low near the 130 area. From that base, price has moved in a five-wave sequence within a wider rising cycle.<\/p>\n
The stock is currently in Wave III of this cycle, and the internal structure shows smaller waves (1), (2), (3), (4), and a final (5) stage. The rise has included fast momentum, limited pullbacks, and repeated higher highs.<\/p>\n
Wave III is described as close to completion, with some scope for further gains but less favourable risk-reward at higher levels. Under Elliott Wave theory, a move into Wave IV would usually follow, marked by correction and consolidation rather than a trend reversal.<\/p>\n
Wave IV is expected to take the form of an A-B-C pattern with at least three swings. This would reduce stretched conditions from the prior rally and set up the next advance.<\/p>\n
The longer-term uptrend is considered valid while support near 130 holds. After Wave IV ends, Wave V is expected to start and push to new highs within the same cycle.<\/p>\n
We see the strong upward move in CCL Products showing signs of tiring as it nears the \u20b9875 mark. Key indicators like the Relative Strength Index (RSI) have remained above 75 for weeks, a classic overbought signal seen in the January 2026 data. For derivative traders, this suggests the risk of opening new long positions has increased significantly.<\/p>\n
A corrective pullback now seems likely, especially after the latest quarterly numbers showed a slight moderation in export volume growth. We anticipate this consolidation phase could bring the price down toward the \u20b9720-\u20b9750 zone in the coming weeks. Traders could consider buying put options with March or April 2026 expiries to position for this expected dip.<\/p>\n
We remember a similar pattern during the pullback in the second half of 2025, where the stock corrected roughly 20% before resuming its primary trend. This upcoming decline should be viewed not as a threat, but as the market gathering strength for its next major advance. This is the period to watch for the next high-probability entry point.<\/p>\n
Once the corrective A-B-C pattern appears complete, traders should prepare for the next upward leg. This would be the time to begin accumulating long-dated call options or selling cash-secured puts at key support levels. The goal is to be positioned for the Wave V rally, which is expected to take the stock to new all-time highs later in the year.<\/p>\n","protected":false},"excerpt":{"rendered":"
CCL Products shows five-wave Elliott uptrend; Wave III nearing completion, Wave IV correction likely, support 130.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-42002","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/42002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=42002"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/42002\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=42002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=42002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=42002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}