Bharat Dynamics has been undergoing correction in the form of a zigzag (originally considered as a flat). The stock has completed wave C as a 5th wave extension at 1.618x of wave 0-3 to 4 as given in the charts. Go long on BDL with a target of last high.
Trade active
Order cancelled
Stop loss hit. Stock went in for wave extension. Maintaining buy in cash market. ChartTheWave |
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ChartTheWave |
Join my telegram channel t.me/chartthewave for live updates
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.