BEL —Multi-timeframe structure -Brekout/Breakdown/ Consolidation
Media BEL —Multi-timeframe structure -Brekout/Breakdown/ ConsolidationBharat Electronics Limited NSE:BEL DrPrashantVerma MediaBEL is at a decision point: CMP: 411.90
The long-term Elliott structure remains constructive.
At the shorter timeframe, the bullish pennant + triangle + falling wedge combination is compressing price
So the next meaningful confirmation should come from the breakout/breakdown of the marked boundaries rather than anticipating the direction beforehand.
My Take
Above ₹435–440 = bullish structure strengthens toward the higher marked targets -472-605;
@₹401 holds = consolidation remains possible;
Sustained break below ₹401 = corrective Elliott-wave scenario gains strengthens;
Breakdown Below 382 levls take deepens the retracement to levels 356 and 329
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BEL —Multi-timeframe structure -Brekout/Breakdown/ Consolidation for NSE:BEL by DrPrashantVerma
BEL is at a decision point: CMP: 411.90
The long-term Elliott structure remains constructive.
At the shorter timeframe, the bullish pennant + triangle + falling wedge combination is compressing price
So the next meaningful confirmation should come from…
August 30, 2026 11
