BEL Elliott Wave analysis and market forecast [Video]
Bharat Electronics Eott Wave Technical Analysis
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Function: Bullish Trend.
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Mode: Impulsive.
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Structure: Navy Blue Wave 1.
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Position: Gray Wave 1.
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Next lower degree direction: Navy Blue Wave 2.
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Wave cancelation level: 240.10.
Analysis details:
The Bharat Electronics Elliott Wave Analysis on the daily chart indicates a bullish trend, with the market currently in an impulsive phase, showing strong upward momentum.
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The primary wave structure under observation is Navy Blue Wave 1, which forms part of a larger wave cycle.
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This Navy Blue Wave 1 is positioned within Gray Wave 1, confirming its placement in the broader Elliott Wave structure.
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The previous…
