HAL: Soaring into Wave 3 | Golden Crossover Signals Bullish

📊 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.