Bajaj Auto: A Powerful Elliott Wave & Time Cycle Setup!

Elliot Wave when combined with Time Cycle and AK Indicator, helps create high-probability trade setups with greater accuracy by aligning price structure with timing, allowing traders to identify stronger entries, better risk control, and more reliable market reversals.

BAJAJAUTO Weekly chart with Elliot Wave and AK Indicator

Elliot Wave Structure

• Elliott Wave helps identify the maturity and direction of a market trend.
• It helps traders spot potential reversals at an early stage.
• The theory is based on recurring patterns driven by market psychology.
• Impulse waves help identify the main trend and its strength.
• Corrective waves help traders anticipate possible pullbacks.

Time Cycle and AK Indicator

• Time cycles are fractal in nature, meaning they can be applied effectively across multiple time frames.
• The above chart clearly demonstrates the precision of the 51-period Time cycle in forecasting key market reversal.
• For Bajaj Auto Ltd., the 51-period Time cycle has been performing exceptionally well on the weekly chart, consistently identifying high-probability turning points.
• The most recent cycle was in March 2025 and prices made a short term low exactly near the Time cycle window around 8600 levels and since then the stock has surged nearly 37% highlighting the significance of it.
• The custom AK Indicator generated a fresh buy signal almost exactly near the projected Time Cycle window, reinforcing the bullish setup.
• The strongest trading opportunities often emerge when time and momentum work together.

How to use Elliot Waves to identify turning points and forecast the future?

• The stock has been following a classic Elliott Wave pattern since March 2020.
• Primary Wave (3) was completed on the upside in September 2024.
• This was followed by profit booking in the form of Primary Wave (4) which got completed near the 7,900 level.
• Post which now the stock has resumed its upward move in the form of Primary Wave (5) which is unfolding as a Terminal Impulse, following a 3-3-3-3-3 structure.

Conclusion

• The combination of Elliot Wave structure, price action, Time Cycle and AK indicator suggests the trend is on upside.
• A decisive move above 11870 may trigger the next leg of the rally.
• 11500 remains a crucial support level to watch in the near term.

Brahmastra (Mentorship) on timing the market using Hurst’s Time cycles along with Elliott wave, Neo wave, complete handholding & stock selection algo creation with access to traders community. A mentor can change the learning curve that can take years to a few months. Act now, Know More 

Trishul (Options Mantra – Elliott wave – Neo wave) – Trading Options using science of Keltner channel, KST, Supertrend indicator and Price action along with volume profile with Neo wave analysis scheduled on 12^th – 13^th September & 10^th – 11^th October. Limited seats only. Fill below form for more details