Vistra Corp (NYSE:VST) is currently in Phase 11 of its 18-phase Adhishthana Cycle. The stock’s structure remains bullishly intact according to the Adhishthana framework. Here’s a breakdown of what triggered the move and where the stock is likely headed next.
Why Did VST Start Rallying in November 2023?
According to the Adhishthana Principles, Phases 4 through 8 typically form the Adhishthana Cakra, a bullish arc or channel structure that serves as a preparatory foundation. A breakout in Phase 9 often marks the beginning of a supreme bullish move and initiates what is known as the Himalayan Formation.
In VST's case, the setup followed the framework precisely. After constructing the Adhishthana Cakra, the stock broke out in Phase 9, rallying by approximately 233%. This breakout was the foundational move that triggered its ongoing ascent and marked the beginning of the Himalayan Formation.
VST’s Phase 10: The Peak Attempt
During Phase 10, stocks generally make their first attempt at a peak. VST followed suit, hitting a high of $199.84 on the 31st bar of the phase. Although it experienced a brief decline afterward, the stock never breached its Phase 9 mid or low levels, indicating the structure of ascent was still intact.
"When analysing the HimÄlaya move during C10, it is crucial to consider the C9 levels (High/Mid/Low)--if these key levels remain unbroken, the ascent continues."
-- Adhishthana: The Principles That Govern Wealth, Time & Tragedy
VST’s Phase 11: Ascent Still Underway
With the ascent structure still intact, VST has continued its upward trajectory since entering Phase 11, already gaining 91%. This sustained momentum increases the likelihood that the stock will surpass its previous Phase 10 high of $199.84 during the current phase.
Phase 11 concludes on May 3, 2026, leaving ample room for the stock to form its Himalayan peak. While a peak typically occurs in this phase, in some rare cases where the structure remains firm without a conclusive top, a peak can emerge in Phase 12 instead.
Monthly Chart Confirms Bullish Move
VST began its Buddhi rally on the monthly timeframe on May 1, 2024. Since then, the stock has already appreciated by roughly 192%, once again aligning well with the expectations set by the Adhishthana Principles.
This monthly Phase 2 continues until March 31, 2027, further supporting the view that bullish momentum remains intact for the foreseeable future.
Investor Takeaway: Let the Rally & Peak Unfold
If you currently hold VST in your portfolio, the Adhishthana structure suggests you should continue holding. The stock has not yet formed its peak, and the bullish formation remains active. Any visible signs of a peak will appear only after a clear structural break, which has not occurred yet. Until then, VST appears poised to take out its previous high and continue its ascent.
