keerthivasan_88

Bajaj Electricals in Daily time frame

Short
NSE:BAJAJELEC   BAJAJ ELECTRICALS
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1
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.

Elliott wave is an road map to identify the direction of market.

Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Alternation rule so Triangle pattern time consuming pattern formed.
Wave "5" : Motive wave 5th wave completed.
Wave "A" : Motive wave A completed.
Wave "B" : Motive wave B completed.
Wave "C" : Wave C running

Kindly hit the like button to forecast the chart like this further

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Comments

It's going to be a consolidation + Reversal!
Don't Short.
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No need of wave analysis is here..it is clear that the stock is consolidating..Not going down from here..
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