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....
Observations::
----->> Price is in consolidation.
------>>> wait for the breakout...we have trendlines in both directions, wait for the break on any side.. keep use alerts on breaks of lows and Highs
keep track of these trendlines.
------->> Resistance @1470 and Support @1360
