Bajaj Financial Services (Indian stock: NSE) Long Target 2020

Every once in a while a stock comes which tends to follow the waves to such accuracy that its hard not to take notice. Bajaj Financial services has come to our notice. It looks like we are riding on the extended 5th wave overall and still have some impulse sub-waves to take us all the way to 2020.

Please feel free to comment your ideas on the stock.
Just see the price and how it followed the arrows drawn in the chart....
My immediate prediction was the stock will hit a high of 1857 and retrace because 1857 was 2.236 of wave (i). And see today it registered a high of 1857 exactly and retraced :) :)
PredictNifty PredictNifty
methinks Indian stock market data will be updated in tradingview website after sometime everyday after EOD :D so wait for the price to be reflected
Possible wave 1 of 3 appears to be extended based on my count.
Hi. Thank you for sharing your analysis.

You could be right. however as wave 3 normally is suppose to be longer and stronger I wonder if wave 3 in your chart is still in progress, with waves 4 and 5 to follow, which might suggest little higher top for wave 5. Here is what I mean.
+1 Reply
Thanks for sharing your view. Quite possible... :)
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