Bajaj Finance Wave AnalysisThis NSE stock has made big impulsive move previously which is being now corrected in Flat A-B-C pattern as shown in the price chart.The corrective wave will get completed around 7000 price and from there onwards the wave 3 impulse will start for the target of 10700 level target.
BAJFINANCE trade ideas
Bajaj Finance - Next target is 8000Bajaj finance is under accumulation phase and the price is trading under strong support area. This phase has continued for the last 33 days.
Presently, in daily timeframe, there is a triangle pattern formed within the phase.
It is expected that the price will be breaking the pattern towards upside in another 2 or 3 trading sessions(between Sept 19, 20 & 21).
Hence, the predicted next target is 8000.
Bajaj finance was on its major support We can see Bajaj finance was down by more thn 20% in 6 month. This year Bajaj finance results was very good. It can improve QOQ despite this its share price has been fall now it's on major support zone(5935).
If it's sustain in it we can creat buy position in it. And if fall we creat another buy position at 5300. Soo must watch thz share. Our target for this share is 6555 7335 8000.