BAHL - Hourly Analysis - 16-09-2023
Primary Structure: Bullish Impulsive.
Primary Trend: Bullish
Current Wave structure: Potential Zigzag in wave "2".
Expectations: The rise from the low of red wave "(C)" can be counted in five bullish waves as black wave "1". As we know each impulse wave must be retraced back minimum in three waves which we have completed with a deeper move. A daily close above the upper line of the descending channel may confirm the reversal.Recommendations: 1: Long position may be considered from 48 to 46 with stops below 40. Keep the targets open for now.
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