📊 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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.