📊 Elliott Wave Analysis
Wave 1: Rally from ₹260 to ₹5,712 (Gain of ₹5,452)
Wave 2: Correction down to ₹3,060 (Retracement of ₹2,652)
Wave 3 Projection:
Using the Fibonacci extension principle, Wave 3 often extends to 161.8% of Wave 1:
Wave 3 Target = Wave 2 End + (1.618 × Wave 1 Length)
Wave 3 Target = ₹3,060 + (1.618 × ₹5,452) ≈ ₹11,881
This projection suggests a potential target of ₹11,881, indicating a robust bullish phase ahead.
A Golden Crossover has been identified in HAL, where the 50-day moving average has crossed above the 200-day moving average. This is a classic bullish signal, suggesting a strong upward trend.
Wave 1: Rally from ₹260 to ₹5,712 (Gain of ₹5,452)
Wave 2: Correction down to ₹3,060 (Retracement of ₹2,652)
Wave 3 Projection:
Using the Fibonacci extension principle, Wave 3 often extends to 161.8% of Wave 1:
Wave 3 Target = Wave 2 End + (1.618 × Wave 1 Length)
Wave 3 Target = ₹3,060 + (1.618 × ₹5,452) ≈ ₹11,881
This projection suggests a potential target of ₹11,881, indicating a robust bullish phase ahead.
A Golden Crossover has been identified in HAL, where the 50-day moving average has crossed above the 200-day moving average. This is a classic bullish signal, suggesting a strong upward trend.
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.