Cairn India Elliott wave analysis shows a clear ABC is completed on the weekly charts and the C has clear 5 wave impulse completed as well. The correction is underway, a is over, b is about to complete, we are trying to catch the bottom of the c wave up.
Risky to buy LIC Housing Finance at this time. Fibonacci clusters of resistance are appearing at the tip of the price travel. We need to watch the levels of 506/508 carefully before buying this stock. If it fails at any of these levels, we can expect a C wave to 380 levels.
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.