BEL Bharat Electronics

已更新
This stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal.
Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure.
After completing wave 1-2 now we are in wave 3, and inside wave 3 we had completed (i)-(ii)-(iii)-(iv) and now we are in (v) it looks consolidation in wave ii of (v) has been completed and now possibly we are unfolding wave iii of (v) of bigger degree wave 3. however, iii can unfold at 284 areas. On the way down, the recent swing low can provide a good support to watchout for upcoming days, which is pegged at 223.80.
All indicators are also suggesting to go long for ride towards north.


Overall wave structure looks like this
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Breakout on daily chart, with good intensity of volumes
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RK's mass psychological cloud in buy mode in daily time frame, along with running in buy signal activated, along with breakout.
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price challenging upper Bollinger band in daily time frame
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Macd in daily positive and uptick above zero line
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Macd in weekly uptick above zero line
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dmi adx in daily time frame both aligned positive
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RSI breakout on daily chart and now uptick above 60
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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交易结束:到达目标
Target reached on 16 august
BELbharatelectronicsbreakoutelliottwaveforecastselliottwaveideaselliottwaveprojectionelliotwaveanalysiselliotwavecountimpulsewaveTechnical IndicatorsTrend AnalysisWave Analysis

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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