Bajaj Finance Wave 5 Ending Diagonal Final leg of Upmove
Updated
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Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
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Bajaj Finance gave breakout from Ending diagonal in Wave C and since then moved up now in final 5th wave formed Ending Diagonal in Wave five (5).
Confirmation: We see (iv) right now completed since 3 up side candles and started wave (v). It also moved nearly 0.5 fib level 3570.
Next possible Wave 5 target 3670 which is 0.786 fib level.
If wave (v) not truncated then possible to touch 3770,3820,3870 levels.
Once wave (v) ENDs downside will start.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
--------------------------(((((LIKE)))))-------------------------------
Bajaj Finance gave breakout from Ending diagonal in Wave C and since then moved up now in final 5th wave formed Ending Diagonal in Wave five (5).
Confirmation: We see (iv) right now completed since 3 up side candles and started wave (v). It also moved nearly 0.5 fib level 3570.
Next possible Wave 5 target 3670 which is 0.786 fib level.
If wave (v) not truncated then possible to touch 3770,3820,3870 levels.
Once wave (v) ENDs downside will start.
Trade closed manually
Todays bearish Engulfing candle suggesting upside over. Wave v looks to be truncated at 0.5 fib level as it dropped sharply from 3575. Will have to confirm down move wait for close below 3480. Updated chart will be shared later.
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