BHEL – The Wave Analysis That Spoke Before the Fall (335-200)
Back when BHEL was trading near 275 (March 2024), I raised my eyebrows and published an idea called Trader’s Trap. While I might have been a bit fast-forward (6 months ahead), my concern about the stock in March 2024 finally started unfolding in September 2024, after it topped at 335 highs.
From March 2024, the way BHEL was moving was not convincing—and you know what? This is the one stock that even made me review the Nifty Index. No surprise that Nifty itself started falling in September–October 2024, shaking up traders and investors alike.
Nifty’s Reality Check – Market Must Have Troubled Your Portfolio Too
If the past 5–6 months have made you wonder why your portfolio is struggling, let me remind you:
The rosy gains that started unfolding during-COVID-2020 have suddenly started to crack, making many traders think:
What exactly happened?
Why did everything look good until it didn’t?
Well, welcome to the real world! But here’s the catch—Waves tell the real story before it happens.
BHEL Slipping Below 200 – A Psychological Breakdown
As BHEL dips below the 200 psychological level, even mainstream financial analysts have started to rethink where this stock is heading next.
Some of the snapshots I’m sharing are part of WaveTalks upcoming project , showing that concerns were evident near 275—well before the storm hit in Sep 2024
Sep 2024 Snapshot from the project
Elliott Wave Analysis – BHEL’s Journey Through Waves 2020-2022
BHEL was a great pick in 2020 and later again in 2022, offering two golden opportunities for investors who understood Elliott Wave structures.
2020-2022: The stock unfolded a Falling Wedge, a classic reversal pattern indicating an upcoming trend shift.
2022: A Truncated Fifth Wave unfolded —an advanced Elliott Wave signal that often marks the end of a prolonged downtrend and the beginning of a powerful reversal.
Truncated Fifth Wave Explanation:
A truncated fifth wave occurs when Wave 5 fails to exceed the end of Wave 3 in an impulse structure. This can happen in both uptrends and downtrends.
In BHEL’s case, the truncation occurred in 2022 during a downtrend , signaling that the bears had exhausted their momentum and a new bullish cycle was on the horizon .
If you missed picking up BHEL in 2020, 2022 was your second chance —a rare Elliott Wave phenomenon that many fail to recognize in real time. And let's be honest, navigating through the chaos of COVID-19 was tough —it needed more than just technical analysis; it needed divine timing!
This is the power of Elliott Waves—predicting trends before they happen.
When new prices and updates come in, wave counts have to be adjusted accordingly—that’s how you extract maximum results.
Blaming Won’t Help – Adapt & Modify Your Analysis
Multiple wave counts exist at any given moment—and if rules get violated, you must quickly adapt, adjust, and move forward.
But if you get emotional and start saying:
❌ Elliott Wave doesn’t work!
❌ It’s too subjective!
I don’t agree. Why? Because applying Wave Analysis requires a solid foundation—not just blind conviction. Instead of blaming the subject or analysts, ask yourself:
✅ Why did I go wrong?
✅ What did I miss?
Stop blaming, start learning.
State Elections & Market Psychology – The Blame Game Never Ends
You see this same mentality in elections:
✔️ When you win, EVMs are fine, and the Election Commission is doing great.
❌ When you lose, suddenly, the system is rigged.
It's the same in trading—blaming the market, the strategy, or the analysis or analyst won't help. The real winners are those who educate themselves, adapt, and grow instead of making excuses.
Final Thoughts – Catch the Next Big Idea on WaveTalks
Markets evolve, waves adjust, and only those who stay flexible and unemotional can truly capitalize on opportunities.
Stay tuned for another exciting idea from WaveTalks—because Market Whispers! Can you hear them? 🔥
