25 Mar 2021 ● 05:31 AM
Again considering that 5<3<1 for Bajaj Finance we can say that 5 waves are complete. The blue triangle is breaking on the lower end today. The next support is near the wave 4 low of 4666. The 23.6% retracement is at 4943 and 38.2% is at 4338. Wave 1 in blue can be said to be over but that would also mean that wave 2 of larger degree can occur. So how much retracement to look for is an open question.