BEARDSELL- LOOKS SUPER ATTRACTIVE FOR LONG
Hello Friends,
Here we had shared possible Elliot wave counts of BEARDSELL LTD (NSE), which is Showing that we are currently in impulse wave in which we have completed Wave ((1)) and ((2)) of some degree and now we are in wave ((3)) in which we have completed wave (1) and (2) and currently we are unfolding wave (3) and again in which we have completed wave 1 and 2 and are going to unfold wave 3 of wave (3) of wave ((3))
Stock also gave the breakout of cup and handle pattern which also giving bullish bias and All the supporting indicators are also having bullish bias for this stock in dual time frame of which snapshots are mentioned below.
overall Elliot wave structure shows that stock has completed corrective WAVE ABC as flat correction in 3-3-5 waves which expanded till 1.618 fib levels and currently we are in impulse wave.
current scenario of Elliot
Cup and Handle chart pattern
stock went sideways after giving breakout of cup and handle pattern on 28th july 2022, and recently on 25 may 2023 stock again gave breakout of downward sloping trendline with good intensity of volume
Price challenging upper bollinger bands
price is trading above 50DEMA, 100DEMA and 200 DEMA
MACD in daily time frame
MACD in weekly time frame
RSI in daily time frame
RSI in weekly time frame
overall the scenario for BEARDSELL LTD is showing bullish bias
Disclaimer
I am not SEBI registered analyst
please consult your financial advisor before taking investing decision
i am not responsible for any kinds of your profits and losses.
Here we had shared possible Elliot wave counts of BEARDSELL LTD (NSE), which is Showing that we are currently in impulse wave in which we have completed Wave ((1)) and ((2)) of some degree and now we are in wave ((3)) in which we have completed wave (1) and (2) and currently we are unfolding wave (3) and again in which we have completed wave 1 and 2 and are going to unfold wave 3 of wave (3) of wave ((3))
Stock also gave the breakout of cup and handle pattern which also giving bullish bias and All the supporting indicators are also having bullish bias for this stock in dual time frame of which snapshots are mentioned below.
overall Elliot wave structure shows that stock has completed corrective WAVE ABC as flat correction in 3-3-5 waves which expanded till 1.618 fib levels and currently we are in impulse wave.
current scenario of Elliot
Cup and Handle chart pattern
stock went sideways after giving breakout of cup and handle pattern on 28th july 2022, and recently on 25 may 2023 stock again gave breakout of downward sloping trendline with good intensity of volume
Price challenging upper bollinger bands
price is trading above 50DEMA, 100DEMA and 200 DEMA
MACD in daily time frame
MACD in weekly time frame
RSI in daily time frame
RSI in weekly time frame
overall the scenario for BEARDSELL LTD is showing bullish bias
Disclaimer
I am not SEBI registered analyst
please consult your financial advisor before taking investing decision
i am not responsible for any kinds of your profits and losses.
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