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NSE BAJAJHLDNG – Elliott Waves Trend Forecast

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Free nse bajaj holdings chart calls

Free nse bajaj holdings chart calls

NSE BAJAJ HOLDING has been forming the correction for 19 weeks. Price has established an ending diagonal in wave C, which signals the downward move is not strong enough for a sharp fall.

According to Elliott waves, if the price sustains above the previous wave (4), traders can trade for the following targets: 6120 – 6229 – 6324+.

As you can see, the price has formed a double bottom on the daily timeframe chart, and 6000 is the neckline of the channel. The corrective structure has retraced 61.8% Fibonacci retracement of its previous move.

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