BHARAT Electronics Ltd – BEL Indian stocks Elliott Wave technical analysis [Video]
BHARAT Electronics Ltd – BEL (1D chart) Elliott Wave technical analysis
Function: Larger Degree Trend Higher (Intermediate degree, orange).
Mode: Motive.
Structure: Impulse.
Position: Minute Wave ((ii)) Navy.
Details: Minute Wave ((iii)) Navy of Minor Wave 5 Grey is now progressing higher against 229. Alternatively Wave 5 Grey completed above 342.
Invalidation point: 229.
BEL Daily Chart Technical Analysis and potential Elliott Wave Counts:
BEL daily chart is indicating a progressive trend higher, which could be within its final Minor Wave 5 Grey higher towards 400 mark. The stock should stay above 229 mark, which is Minor Wave 4 termination. Furthermore, Minute Waves are unfolding within Minor Wave…
