BEL - Does it have the scope to go past 340?
CMP: 291.95
TF: Daily
Primary view:
The impulse from 18.67 to 340.50 seem to got over to complete the primary 3rd wave. And the price is pulling back on the 4th. Of which, 1st leg of correction is complete followed by a corrective rise and getting ready for the next leg of downmove.
4th wave expected levels are 220-180 (38% and 50% retracement respectively)
The internal wave counts are marked within the chart. try to zoom in to daily TF and review.
Alt view:
Price could go to a New ATH in this B wave pullback move to form an Expanded Flat. In which case, the price should not go past 373
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
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290 to 260 so far.. another 40-80 points more to go on the downside.. 
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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