BHEL - Elliott wave analysis # complete cycle
BHEL is about to move higher from the current level (64).
First target : 80
Second target : 86
Third target: 95
Invalidate level : 59
It is an impulse from Oct'20 low and wave 5 is in progress. The projection of the wave 5 is mentioned above as targets.
I expect the up-move from Mar'20 is wave A of flat. Wave A is about to complete and then there may be retracement to below 30 level for wave B. From there we can expect strong up-trend to new high,
First target : 80
Second target : 86
Third target: 95
Invalidate level : 59
It is an impulse from Oct'20 low and wave 5 is in progress. The projection of the wave 5 is mentioned above as targets.
I expect the up-move from Mar'20 is wave A of flat. Wave A is about to complete and then there may be retracement to below 30 level for wave B. From there we can expect strong up-trend to new high,
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