BELBharat Electronics LimitedNSE_DLY:BELFin_free_figt1. Overall Trend BEL is in a long-term uptrend. After a strong rally, price entered a consolidation phase instead of falling deeply — this is a bullish sign. 2. Market Structure (Smart Money Concepts) BOS (Break of Structure) marked earlier confirms a trend shift from bearish to bullish. The big grey Demand Zone (₹260–₹300 area) was the key accumulation area. Price reacted strongly from this zone, confirming institutional buying. 3. Current Pattern – Symmetrical Triangle Price is now forming a Symmetrical Triangle: Lower highs Higher lows This pattern usually acts as a continuation pattern in an uptrend. It shows compression before a strong move. 4. Demand Zone & Liquidity (ILQ) The smaller Demand Zone around ₹370–₹390 is crucial: Marked with (E) and ILQ (Internal Liquidity). Price is expected to dip slightly, take liquidity, and then reverse upward. This zone is a high-probability buy area if price shows confirmation. 5. Elliott Wave Perspective The chart suggests: Waves (A), (B), (C), (D), (E) forming inside the triangle. Completion of wave (E) near demand = launch point. After wave (E), a strong impulsive Wave ⑤ is expected. 6. Gann Price & Time Target The grey band at the top shows W.D. Gann Price & Time Reversal Zone. Target zone: ₹500 – ₹520 Time projection points toward early–mid 2026. 7. Expected Price Path (Simplified) Small pullback into demand zone (₹370–₹390) Triangle completion Strong upside breakout Rally toward ₹500+ 8. Bullish Confirmation Signals to Watch Strong bullish candle from demand zone Volume expansion on breakout Daily close above triangle resistance Summary Trend: Bullish Pattern: Symmetrical Triangle (Continuation) Buy Zone: ₹370–₹390 (with confirmation) Target: ₹500–₹520 Timeframe: Medium to Long term