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Bharat Electronics Elliott Wave technical analysis

Function: Bullish Trend.

Mode: Impulsive.

Structure: Orange Wave 3.

Position: Navy Blue Wave 1.

Direction next lower degrees: Orange Wave 4.

Details: Orange wave 2 appears complete; orange wave 3 is currently active. Invalidation level: 256.

The daily chart shows that Bharat Electronics is currently trending strongly upwards. The Elliott Wave structure identifies orange wave 3 as progressing within navy blue wave 1. This suggests the stock has moved beyond the corrective orange wave 2 and entered an impulsive wave, which often results in stronger price movements.

The analysis confirms orange wave 2's completion and highlights the upward momentum of orange wave 3. Impulsive behavior indicates persistent buying interest. The bullish setup is well-supported, though the key invalidation level at 256 must hold to keep this structure intact. Any break below this level could signal a more complex correction or potential reversal.

This analysis gives traders and investors crucial insight into Bharat Electronics' position in its broader cycle. With the current impulse wave underway, significant upside could unfold before the next correction (orange wave 4). Price action should be monitored closely for further confirmation of this trend.

During this active phase, the structure suggests a well-positioned outlook for gains. Still, risk control is essential as the advance matures. The 256 level serves as a critical marker for maintaining bullish sentiment in the stock.

Bharat Electronics Elliott Wave technical analysis

Function: Bullish Trend.

Mode: Impulsive.

Structure: Navy Blue Wave 1.

Position: Gray Wave 1.

Direction next lower degrees: Navy Blue Wave 2.

Details: Navy blue wave 1 of gray wave 1 is in progress as part of a new bullish cycle. Invalidation level: 256

The weekly chart of Bharat Electronics outlines a bullish structure, indicating a new impulsive trend in its early stages. Navy blue wave 1 is forming within a larger structure identified as gray wave 1, showing this may be the beginning of a significant bullish phase.

The current wave count places the stock in navy blue wave 1, a strong early-phase advance that typically characterizes the start of broader market trends. The impulsive characteristics reflect consistent buying, and the overall structure suggests long-term bullish prospects. The key invalidation level is 256, a breach of which would challenge this setup.

This framework gives investors a valuable look into a potentially substantial upward move. The current wave suggests long-term gains may be developing, though the next expected event is a corrective navy blue wave 2 once the current upward move ends.

Market participants should observe price behavior for continued strength and also keep watch on the invalidation level to manage risk. The outlook supports further growth in the stock, with this setup indicating longevity and strength in the trend.

Technical Analyst: Malik Awais.

Bharat Electronics Elliott Wave technical analysis [Video]