Bharat Electronics Elliott Wave technical analysis [Video]

Technical overview

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 completed. Now, Orange Wave 3 is active.
Cancel invalidation level: 256.

The BHARAT ELECTRONICS daily chart analysis highlights a bullish trend unfolding within an impulsive Elliott Wave structure. The stock has completed the orange wave 2 correction and entered the orange wave 3 phase within the broader navy blue wave 1 formation. This structure suggests the market is moving into the strongest part of its upward trend, typically marked by extended price rises and strong momentum.

Orange wave 3 represents the core trending phase in Elliott Wave patterns, often producing the sharpest and most aggressive price advances. The completion of wave 2’s pullback has set the conditions for this major move, which usually surpasses the gains seen in wave 1. Current chart readings point to a continuation of the upward movement with significant strength before a correction occurs.

Next movement expectations

An important level to watch is 256, acting as the invalidation point for this bullish wave setup. A break below this level would invalidate the current count and require a fresh analysis. It serves as essential support, guarding the low established by wave 2.

The daily timeframe offers crucial insight into the developing structure, showing significant upside potential during this impulsive phase. Traders should look for traditional wave 3 characteristics, such as strong momentum, consistent price increases, and respect for the invalidation level. Maintaining bullish positions is suggested until clear signs of wave 3 completion appear.

Technical indicators and price patterns will provide vital confirmation as the wave develops. The transition within the higher-degree navy blue wave 1 signals further bullish momentum potential ahead. Traders should closely monitor volume and momentum indicators to track the wave’s progression.

Following the completion of wave 3, the next expected development is orange wave 4, offering a pullback opportunity before another potential rally. This stage represents a prime time for traders, as wave 3 typically offers the best trading conditions in Elliott sequences.

Bharat Electronics Elliott Wave analysis

Technical overview

Function: Bullish Trend.
Mode: Impulsive.
Structure: Navy Blue Wave 1.
Position: Gray Wave 1.
Direction next lower degrees: Navy Blue Wave 2.
Details: Orange Wave 4 appears completed. Now, Navy Blue Wave 1 of Gray Wave 1 is active.
Cancel invalidation level: 256.

The BHARAT ELECTRONICS weekly chart analysis reveals a bullish trend developing within an impulsive Elliott Wave structure. The stock has completed the orange wave 4 correction and initiated navy blue wave 1 inside the broader gray wave 1 structure. This setup suggests the early phase of a fresh upward impulse, which could drive strong momentum over the coming weeks.

Navy blue wave 1 marks the beginning of this new trend, typically displaying gradual but steady momentum as the market builds directional strength. The end of orange wave 4’s correction prepares the conditions for this phase, which often advances progressively without the explosive moves seen later in impulse cycles. The current structure points toward a continued upward move before reaching the next correction.

Next movement expectations

The weekly timeframe offers critical insight into the developing structure, suggesting this phase could mark the start of an intermediate-term bullish trend. Transitioning into gray wave 1 at a higher degree implies potential for even stronger momentum ahead, making this an important phase for establishing new positions.

A key level to monitor is 256, acting as the invalidation point for this bullish wave interpretation. If prices break below this level, the current analysis would need reassessment. This level is crucial for maintaining support at the wave 4 low.

Traders should monitor wave 1’s development for classic early-trend signals, including steady price increases and rising volume. The analysis supports preparing for bullish opportunities, while recognizing that wave 1 often progresses more moderately than subsequent impulse waves. Technical indicators and price behavior will be essential for confirming the wave structure as it unfolds.

Once wave 1 concludes, the next expected development is navy blue wave 2, offering a pullback opportunity before potentially entering a stronger wave 3. The weekly view emphasizes the importance of this emerging structure for intermediate-term trend positioning.