Timeframe: Monthly Chart
Bajaj Holdings appears to have completed a larger-degree Wave V, forming a 5th wave extension.
Under Elliott Wave Principle, when Wave 5 is the longest, it typically extends 1.618 times the distance from Wave 1’s start to Wave 3’s end.
In this case, Wave 5 has indeed traveled 1.618x of that measure, while Wave 3 extended 1.414x of Wave 1.
Further internal wave counts align well with this structure, strengthening the case for a completed cycle.
Conclusion:
The larger 5-wave sequence looks complete. Investors and traders may consider exiting positions at this stage.
Trade closed: target reached
Had initiated an "Exit" call on the stock during Aug 2025. Stock has completed correction during April 2026. Updating the same. That was a good 40% correction !!!
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.