I have performed Elliot Wave Theory analysis on BAJAJFINSV daily time frame. The internal wave counts are not shown on the charts as they get cluttered. Wave 2 retraced 0.65% Wave 2 is a sharp correction Wave 3 was calculated with the Fib Extn tool starting from wave 1—end of wave 1—end of wave 2. It is precisely 1.618%, which signifies that wave 3 is extended....
the stock is trending upwards from long term... now price is reached the previous strong support...now acts as a resistance... yesterday a long rejection is observed from the same zone... on bottom we have seen, that a bullish gap left below... is this an exhaustion gap at resistance...price fall is going to happen. a strong move is observed from 1500 zone... If...
BAJAJFINSV : taking support on this demand zone Multiple times and Rising >> Good Risk Reward Ratio >> Go for atleast 1:3 or 1:4 Trgts Happy Trading
BAJAJFINSV has been holding well at the 17382 levels. We can go long if it crosses 17422 levels.There is not much of resistance beyond that level until 18200.